Issue - meetings

Approval was sought for the Pension Fund’s Service Plan for 2023-24, which included the annual budget for the year of £35.132m. The Service Plan, which was attached at Appendix 2 to the report, set out:

?       The objectives of the Fund

?       Details of the Pension Fund Team

?       Key services of the Fund

?       Key achievements during 2022-23

?       A review of 2022-23 performance indicators

?       Forward plan of Pension Fund procurements to 31 March 2025

?       The Fund’s medium-term priorities

?       The 2023-24 budget required to deliver the Fund’s services

?       2023-24 key performance indicators

For 2023-24, a budget of £35.132m was sought to deliver the services of the Pension Fund, made up of operational costs of £6.392m and total investment management costs (IMEs) of £28.740m.

RESOLVED:

That the Committee approves the 2023-24 Service Plan for Derbyshire Pension Fund, attached at Appendix 2 to the report, including the annual budget of £35.132m.