6 Draft Enfield Pension Fund Annual Report and Accounts 21/22 PDF 391 KB
Members are recommended to:
a) Note the contents of this report;
b) Note the Pension Fund Accounts for 2021/22, set at Section 2 of the Pension Fund Annual Report attached as Appendix A to this report;
c) Note the draft Enfield Pension Fund Annual Report and Accounts for 2021/22 attached as Appendix A to this report;
d) Note the Enfield Pension Fund ranking and returns as prepared and produced by PIRC (Pensions & Investment Research Consultants Ltd) UK Local Authority League table for 2021/22, set in section 31 to 34 and Appendix B of this report.
Additional documents:
Minutes:
Bola Tobun presented this item explaining that the auditors have been delayed in signing off the reports since Covid-19. This is a national issue rather than a problem just for Enfield.
Bola suggested that the national audit office need to investigate the delays.
The investments between April 21- March 22 have gone up by £170million. By the end of March our investments were £1.52billion.
The annual report compares the investment returns with our funds to see if we are getting good returns.
The report was noted.