The Pensions Panel has delegated
powers from the Pensions Committee to consider the arrangements to
ensure the effective management of the Pension Fund. The Panel
reviews and make recommendations to the Pensions Committee on a
number of matters, for example; strategic asset allocation,
benchmarks and performance targets, the performance of Fund
Investment Managers, the Investment Principles and the Funding
Strategy statements, legislative, financial and economic changes
which impact on the investment activity of the Fund and the advice
from advisers appointed by the Panel.