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

The draft report on the Fund's 2020 actuarial valuation confirms  a funding level of 106%.

Fund value at end December 2020 was over £25 billion for the first time.

Some changes were agreed following a review of the Fund's investment strategy. These included:

  •  A further 1% (c.£250m) to be invested in global infrastructure and
  •  The index-linked gilts allocation to be sold.

The Committee approved:

  •  a further  2 new investments from the Strathclyde Direct Investment Portfolio:
    • £20m in the RiverRock Sustainable Industry Finance Fund and
    • £30m in the Tosca Debt Capital Fund III
  •  A revised Communications Policy and
  • A Business Plan for 2021/22.

Richard Mcindoe

Director

Strathclyde Pension Fund