The full agenda, reports and minutes of today's meeting of the Strathclyde Pension Fund Committee are now available.

The committee had its quarterly meeting on 4th March.

The committee considered a report on the Fund's management of climate related risks and opportunities.

SPF has consistently led among investors in supporting a just transition to a low carbon economy. The committee noted SPF's current approach to climate change and agreed to continue consideration of a net-zero carbon objective and other potential strategy developments.

The committee also:

  • approved a £25m investment in Palatine Private Equity Fund IV

  • approved SPF's 2020/21 business plan

  • approved publication of a revised pension administration strategy effective from 1st April 2020 and

  • noted a number of other reports.

The Fund's total return for 2019  was +14.6%.

Fund value at 31st December was £23.7 billion.