Issue - meetings

Draft Enfield Pension Fund Annual Report and Accounts 21/22

Meeting: 15/12/2022 - Local Pension Board (Item 6)

6 Draft Enfield Pension Fund Annual Report and Accounts 21/22 pdf icon 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.