Contact: Ian Howell, (01962) 847540; email: [email protected]

1 Summary

1.1 The Hampshire Pension Fund's Statement of Investment Principles (SIP) should be reviewed and updated by the Panel each year.

1.2 A revised draft of the SIP is attached as Appendix 1 for approval. The changes are highlighted.

1 Recommendation

That the updated Statement of Investment Principles be approved.

2 Summary of changes

2.1 Few changes are necessary this year and none of them are significant. Bramdean Asset Management's appointment on a long term contract is the main amendment.

2.2 The Fund's governance policy statement is included on page 5 of the SIP. The governance compliance statement, referred to in item 8 on this Agenda, will be added once the Government has confirmed its best practice principles for such statements.

Section 100D - Local Government Act 1972 - background documents

The following documents discuss facts or matters on which this report, or an important part of it, is based and have been relied upon to a material extent in the preparation of this report.

NB: The list excludes:

None.

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