Meeting documents

Pension Fund Committee
Friday, 24 February 2006

ÐÏࡱá>þÿ 8þÿÿÿþÿÿÿ7ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ |'ÍÉ@á°Áâ\pLinda Maitland B°aÀ=œ¯¼=hðX/Á 8X@"·Ú1ÈÿArial1ÈÿArial1ÈÿArial1ÈÿArial1Èÿ¼Arial1Èÿ¼Arial1ÈÿArial"£"#,##0;\-"£"#,##0"£"#,##0;[Red]\-"£"#,##0"£"#,##0.00;\-"£"#,##0.00#"£"#,##0.00;[Red]\-"£"#,##0.005*0_-"£"* #,##0_-;\-"£"* #,##0_-;_-"£"* "-"_-;_-@_-,)'_-* #,##0_-;\-* #,##0_-;_-* "-"_-;_-@_-=,8_-"£"* #,##0.00_-;\-"£"* #,##0.00_-;_-"£"* "-"??_-;_-@_-4+/_-* #,##0.00_-;\-* #,##0.00_-;_-* "-"??_-;_-@_-¤0.0 ¥#,##0.00¦+_-* #,##0.0_-;\-* #,##0.0_-;_-* "-"_-;_-@_-àõÿ À àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ à À à+õÿ øÀ à)õÿ øÀ à,õÿ øÀ à*õÿ øÀ à õÿ øÀ à @À à À à  À à @@À à @À à1"<@ @ À à @ À à (@À à (@À à @ À à  À àÀ à0À à @ @À à @ À ॠ$@À à8À à)#<@ À à"8@ @À à*8@ @À à)#<@ À à#<@ À à $@ À à#<@ À à#<@ @ À à#4@ @ À à#<@ @ À à)#<@ À à)#<@ @ À à¤#4@ À à#4@ À à#0@ À à)#<@ À à#4@ @À à#4@ @ À à¥#4@ À à#4@ À à#0@ À à¥#4@ À à) <@ @ À à"À à"8À à8À à(À “€ÿ“€ÿ“€ÿ“€ÿ“€ÿ“€ÿ`…GSheet1…õ%Sheet2…–+Sheet3…71Sheet4…Ø6Sheet5…y<Sheet6…BSheet7…»GSheet8Œ,ÁÁ`iüƒ% Annex 2OXFORDSHIRE PENSION FUND£000Investment ManagementFund Management Fees Global Custody FeeConsultancy FeesPerformance Measurement ServiceMember TrainingFinancial Services RechargesOtherLESS: Commission recapture Stock lending feesTotal Investment ManagementScheme AdministrationPrinting & StationeryPostageSoftware Support & Licencing Actuary FeesDistrict Audit FeesAppointed Person Fees1LESS: Recharge for Fire & Teachers Administration& Other Income (SIB & Divorce)Total Administration ManagementIndependent Financial Adviser2005/06Budget2006/07Provisional Outturn@INVESTMENT MANAGEMENT AND SCHEME ADMINISTRATION BUDGET 2006/2007ˆProjected overspend of administration budget mainly due to replacement server costs. ICT to advise whether they will meet these charges.Staffingÿ"¢ H ² vñ [ |'ÍÉ@ 6»ƒl%  dü©ñÒMbP?_*+‚€%ÿÁ&CPF12 - page 7&L&Fƒ„M–\\Treas-server3\CE-COMSERV-4050ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62 †xœeÉJA†ë›IÒ.‰˜ˆ(n¨_ÁƒQÈx‚ ¢¡*d"Ä%G=xч_ÂWñæîØ3h¬ÃWÝTÿ]qü¿ä€m|kÐw˜D›õ¶µ:Quo¿~ÜhÇâò â )-] | IlŽn€öÑuè4Z l í óè ºˆ-ãGN)‹»Hg›çèv…^û›Ï4rY?äQ´{ý”Ö›è‡è ö"ö.ú%6Ž–Ñ a„%vE‡°l˜pË¢¹@gq÷Ù?'3Ne|ÏòS7«¿'¯s=}ûWç{ú®§ýs¯2*á:[AXõhnÊ%±t-úœ•l¥#œ_χ`?Ì¡" \‚XXà?à?U} m‚} I/‚} ’ ‚} ’‚}  ‚} ’‚6ÿÿÿÿÿÿ @ÿ ÿ ÿ ÿ ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿý ý =¾ ==ý >¾>>>>>>¾¾¾ ý "ý '"ý '¾ ý ý (ý '¾ ý ý ý ¾ ý ¾ ¾ ý  ~ &¨¦@ ~ 3ø¡@ 4~ )h @ý  ~ &€a@ ~ 3@_@ 4~ )À\@ý ~ &:@~ 3€F@4~ )9@ý ~ &9@~ 3@4~ )9@ý ~ &(@~ 3&@4~ )&@ý ~ &(@~ 3@4~ )(@ý  ~ & d@~ 3 d@4~ ) d@ý  ~ 0@~ 3@4~ 5@¾ #&¢©@ÿ % ÀÀ^@#6¼¤@%ÿ % ÀÀDæ4#6,£@ÿ % ÀÀ–¾&443ý  ~ &.@~ 4.@4~ )$@ý  ~ &I@~ 4I@4~ )>@¾&443ý  +1 ©@3ýDÀDÀDÀ„+<:¤@ÿDÀDÀDÀ„4+7Ü¢@ÿDÀDÀDÀ„¾&448ý ¾&448¾&448ý ~ *†@+~ 9(ƒ@9~ 9ˆƒ@ý ~ *4@+~ 94@9~ 94@ý ~ *4@+~ 94@9~ 94@×BP X$LLL$VVVVVVVV—VV¹$VV ÿ!ÿ"ÿ#ÿ$ÿ%ÿ&ÿ'ÿ(ÿ)ÿ*ÿ+ÿ,ÿ-ÿ.ÿ/@0ÿ1ÿ2ÿ3ÿ4ÿ5ÿý  ~ *à`@ +~ 9j@ 9~ 9À_@ý !!~ !*4@!+~ !94@!9~ !94@ý ""~ "**@"+~ "9*@"9~ "9(@ý ##~ #*ð?#+~ #9ð?#9~ #9ð?ý $ $~ $,¾ $+99~ $91@¾ %#%-˜Œ@,ÿ %$ÀÀ^@%+#%.ø‹@,ÿ %$ÀÀv%9#%.PŠ@)ÿ %$ÀÀ^@¾&*+999ý ''~ '*@@'+~ '9@@'9~ '9?@ý (¾(*+99~ (9@¾ )#)-@@%ÿ %'(ÀÀ^@)+#).@@%ÿ %'(ÀÀ)9#).€@@ÿ %'(ÀÀ^@¾**+999¾+*+999ý ,,%,-˜‹@ÿD%ÀD)À",+%,/øŠ@)ÿD%ÀD)À",9%,/H‰@)þD%ÀD)À"¾-2#::;¾ .$ý /?¾/??@@@@¾ 0%!!¾ 1 ¾ 2 ¾ 3 ¾ 4 ¾ 5 ×0£¤VVVVD—V0—§$>¶@å//ï7 |'ÍÉ@ G+  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@ è0  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@ ‰6  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@ *<  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@ ËA  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@ lG  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 |'ÍÉ@  M  dü©ñÒMbP?_*+‚€%ÿÁƒ„M–\\TREAS-SERVER2\CE-COMSERV-LJ40ܸ?€ dXXLetter”.HP LaserJet 4050 Series PCL 62††xœeOKQÅï™yñiŒÚ ÕRµ¢.¦£¤š… M0E$ˆˆ+!6“dj¸7̤P)muÑE»è¦ý0Ŷ~wîZÿÔøfÔ xç<~¼{ÏåFÑý²@uÃXŸI¿Ã 9…òë–„{β_-¿m´"Ò)€HwÅ*m⧰ÑnË,p74x\´d¼žÏ‚§ 30-ï1DúSÜÛüþùþ ÒÛ*M…€ƒ¨pä—âŠ"³ˆ@Qìo÷@þÿ§ðŒø‚x òäœø’äx< v a÷¡BÜy€½ˆýŒh‹Ç¡&Ë?It$Ñ2Ú²-º©oîíË`ÕÁßïâTÿè`3î”’½„-Ë^6ÒÌ#†Eô‘¤Á½àŒÉQ&îUœVÒ£äHi­â=2‰þ1ys¤Ûë´Qk~Ë)…·üð¥³RrVË‘¾20ë=÷œg׶–+-­.äê͝ªçÍ×ÜJ£‘ÛôÃ(v²îü 7þåfç¼ä»Ðæ¨&ê gðbW¡" dXXà?à?U>¶@ï7 þÿà…ŸòùOh«‘+'³Ù0¸HPdt Œ ˜ ¤°ä SallyFox MarHooxMicrosoft Excel@€®¦A¾0Æ@`µéËìÃ@€=_ûYÆþÿÕÍÕœ.“—+,ù®0( PX| „Œ”œ ¤ äOxfordshire County Council2 Sheet1Sheet2Sheet3Sheet4Sheet5Sheet6Sheet7Sheet8  Worksheets  !"#$%&þÿÿÿ()*+,-.þÿÿÿ0123456þÿÿÿýÿÿÿþÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿRoot Entryÿÿÿÿÿÿÿÿ ÀF@:'Ð3ÆþÿÿÿWorkbookÿÿÿÿÿÿÿÿÿÿÿÿ\MSummaryInformation(ÿÿÿÿ'DocumentSummaryInformation8ÿÿÿÿÿÿÿÿÿÿÿÿ/