28.11.2014 Views

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Contents<br />

2<br />

3<br />

9<br />

18<br />

27<br />

53<br />

55<br />

Chairman’s report<br />

<strong>Fund</strong> management<br />

Governance 3<br />

<strong>Pensions</strong> Committee 3<br />

<strong>Pensions</strong> Panel 5<br />

Risk management 8<br />

Investment report<br />

Investment background 9<br />

Pension fund investment returns 14<br />

Corporate governance and socially responsible investment 16<br />

<strong>Fund</strong> membership<br />

<strong>Fund</strong> administration 18<br />

Scheme membership 20<br />

New scheme 22<br />

Benchmarking 23<br />

Communications 24<br />

Organisations who are members of the fund 26<br />

Financial statements <strong>2011</strong>/20<strong>12</strong><br />

Glossary<br />

Contacts<br />

DRAFT<br />

Pension fund account 28<br />

Net assets statement 29<br />

Actuarial statement 30<br />

Pension fund accounts reporting requirement 32<br />

Notes to the accounts 34<br />

Statement by the appointed auditor 52<br />

Glossary of terms 53<br />

Photo credits 54<br />

1

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!