(a) Investment Advisory Sub Committee – 26 March 2014

     [for approval]

[To consider any matters arising from the minutes of the meeting held on 26 March 2014]

[[To pass the following resolution:

That in accordance with Section 100A(4) of the Local Government Act 1972 the press and public be excluded from the meeting for the following items of business as they involve the likely disclosure of exempt information on the grounds shown below]

Part 2 – exempt items, closed to the public and press

[To note the performance and investment activity for the period 1 January 2014 to 31 March 2014]

[To review and note investment management activity for the period – the list will be available for inspection at the meeting]

[To review conditions in the global economy and economic markets]

[To receive an update on recent activity relating to SIAB and its implementation]

[To review the Fund’s investment strategy and its appropriateness following the 2013 actuarial review]

[To receive an update on the Pensions Infrastructure Platform (PIP) and to consider changes required to enable continued participation]