MINUTES OF THE FIFTH MEETING OF THE PENSION TRUSTEES

5 February 2001

MONDAY 5 FEBRUARY 2001 AT 12.30 PM
IN THE PRIVATE DINING ROOM

 

Present:Mr D Watson
Mr J Kelly
Mr M Carrick 
Mr J Dallat 
Mr D McClarty

In the Chair:Mr D Watson

In Attendance:Mr T Evans, Mr E Hobson, Mrs C McGowan and Mr G Ballantine
Ms D Kavanagh, Ms D Murphy, Mr R Dentith and Mr H Daldorph were in attendance for Agenda item 2

The purpose of the meeting was to meet with the Fund Manager to clarify the approach to the investment of the pension funds.

1. Appointment of Investment Manager

Mr Ballantine updated the Trustees on the recent selection process for the Investment Manager. The Trustees reviewed and agreed the questions to be asked to the Investment Manager.

2. Presentation by Royal London Asset Management

Mr Dentith and Mr Daldorph made a short presentation to the Trustees outlining the organisational profile and investment portfolio for Royal London Asset Management.

Trustees asked questions to RLAM representatives under 8 broad themes:

  1. Ownership;
  2. Commitment to Fund Management;
  3. Staff Resources;
  4. Funds Proposed;
  5. Style / Strategy;
  6. Service;
  7. Performance (both absolute and relative to peers); and
  8. Charges.

Trustees agreed to consider the information and would forward a decision at the next meeting.

3. Date of next meeting

Monday 19 February at 1.00 pm in room 106.

Tom Evans

Find MLAs

tools-map.png

Locate MLAs

Search

News and Media Centre

tools-media.png

Read press releases, watch live and archived video

Find out more

Follow the Assembly

tools-social.png

Keep up-to-date with the Assembly

Find out more