PART 2ADMINISTRATION

STRATEGIES, STATEMENTS AND REPORTS

Funding strategy statement64

1

The Committee shall, after consultation with such persons as it considers appropriate, prepare, maintain and publish a written statement setting out its funding strategy.

2

The statement shall be published no later than 31st March 2015.

3

The Committee shall keep the statement under review and, after consultation with such persons as it considers appropriate, make such revisions as are appropriate following a material change in its policy set out in the statement and, if revisions are made publish the statement as revised.

4

In preparing, maintaining and reviewing the statement, the Committee shall have regard to—

a

the guidance set out in the document published in October 2012 by CIPFA, the Chartered Institute of Public Finance and Accountancy and called “Preparing and Maintaining a Funding Strategy Statement in the Local Government Pension Scheme 2012”M1; and

b

the statement of investment principles published by the Committee under regulation 10 (statement of investment principles) of the 2000 Regulations.