Issue - meetings

The report asks the committee to agree the strategic objectives set for the Fund’s Investment Consultant and to review the performance of the Investment Consultant against those objectives for the period 1 October 2018 to 30 September 2019.

The Competition and Markets Authority issued a new order (“The Investment Consultancy and Fiduciary Management Market Investigation Order 2019”) and it requires al trustees to set strategic objectives for their investment consultants. This order takes effect from 10^th December 2019.

Members were advised that paragraph 2.5 in the report should have a 6^th objective which is the ‘Relationships and Service Standards’.

The Committee agreed the objectives set out in Appendix A and noted the views of officers.