Issue - meetings

Report by the Director of Finance, Performance and Procurement.

To receive the Annual Report of the West Sussex Pension Fund and accounts for the year ended 31 March 2018.

43.1   The Committee considered a report by the Director of Finance, Performance and Procurement on the Annual Report and accounts of the West Sussex Pension Fund for the year ended 31 March 2018 (copy appended to the signed minutes).

43.2   Members congratulated the members of the Pensions Panel and supporting officers on the excellent performance of the Fund which, at a funding level of 105%, was exceptional.  The Committee praised the approach taken to investment and the consistent top performance of the Fund. 

43.3   It was noted that there was some level of uncertainty about the impact of the new pension fund pooling arrangements but it was hoped that the high performance of the West Sussex fund would provide a good bench mark for the work of the pool.

43.4  Resolved – That the Annual Report and Accounts, attached at Appendix 1 to the report, be noted.