Agenda item

12.50pm

This report provides Committee with an update on and seeks approval of the:

-        2025 valuation and certification of employer results

-        Strategic Asset Allocation

-        Investment Strategy Statement

-        Funding Strategy Statement and supporting policies

The Committee is RECOMMENDED to:

i)      Note the progress on finalising the 2025 valuation; and

ii)    Review the responses to the consultation exercise and note the comments from employers; and

iii)   Approve the final version of the Funding Strategy Statement (and linked policies) to support the 2025 Valuation exercise

iv)   Note the Strategic Asset Allocation Review report and instruct officers to use the proposed detailed asset allocation for the basis of discussions with LGPS Central on portfolio construction and implementation.

v)    Approve the Investment Strategy Statement to be issued for consultation.

vi)   Approve the Local Investment Policy to be issued for consultation.

vii) Approve the Cash Management Policy to be issued for consultation.