Investment communication

The following page outlines the Communications Policy Statement for investments.

At its meeting on 23 February 2006 the Investment Committee approved the following Communications Policy Statement for investments.

This document has been published under the terms of the Local Government Pension Scheme (Amendment) (No. 2) Regulations 2005 which require an administering authority to prepare and publish a stand-alone statement setting out its policy on communications to employees, scheme members and employing authorities as well as its policy on the provision of information, the format and frequency of communications and the promotion of the scheme, also by 1 April 2006. 

It is the Investment Committee's policy to provide the Fund's stakeholders with as much information as possible. 

This is achieved by the following means:

1. Policy documents

  • Statement of Investment Principles - The Statement of Investment Principles describes the broad principles adopted by the Council's Investment Committee in carrying out its duties and how it complies with best practice (Myners' Principles).

  • Investment Committee Annual Business Plan - The Investment Committee's Annual Business Plan includes details of the Committee's structure, its powers and duties, its objectives and targets, its delegation arrangements and its work schedule for the current financial year.

  • Investment Committee Annual Report - The committee's Annual Report provides background information relating to investment markets in the previous year, extracts from the Fund's accounts and its performance details over the longer term.

  • Funding Strategy Statement - The Funding Strategy Statement looks at the Pension Fund's liabilities and how these are to be met over the longer term.   

2. Investment Committee meetings

Investment Committee meetings are held quarterly.  The Committee comprises members representing the county council, Derby City Council and the Local Government Association (Derbyshire). Trade Union representatives attend as observers. The meetings are open to members of the public other than for exempt reports (eg those dealing with contractual arrangements).

3. Pensions News

This is a periodic publication which aims to keep employers, employees and pensioners up to date with pension matters in general and issues relating to the Derbyshire Fund in particular. The publication is also used inform stakeholders of the availability of the Fund's various policy documents.

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