Pensions and Trusts Committee

Pensions and Trusts Committee

The functions of this committee are:

1. to determine the overall policy objectives of the Pension Fund in accordance with the best interests of Fund members within relevant legislation
2. to determine the strategy for the investment of Pension Fund monies including the variety and suitability of investments and to monitor investment performance
3. to ensure appropriate investment management arrangements are in place for the Fund monies and to review investment manager performance
4. to establish and maintain arrangements for the effective management and administration of the Pension Fund, including staffing and budgetary arrangements
5. to undertake the functions of the Council as Governors and Administrators of Trinity Hospital and as Trustees of other Trust Funds vested in the Council, except where the Council has expressly made other arrangements
6. to ensure proper arrangements are made for the financial administration and investment of educational and other trusts vested in the Council.

Current members

5 members - 1 Scottish Liberal Democrat, 1 Scottish National Party, 1 Labour, 1 Conservative, 1 Green:

Councillor McKay
Councillor Beckett
Councillor Murray
Councillor Rose
Councillor Chapman

Committee on the Royal High Endowment

The function of this committee is to carry out arrangements for the management of the Royal High School Endowment Fund.

Current members

5 members - 1 Scottish Liberal Democrat, 1 Scottish National Party, 1 Labour, 1 Conservative, 1 Green

Councillor Lang
Councillor Work
Councillor Hinds
Councillor Kate Mackenzie
Councillor Johnstone

Committee on the Jean F Watson Bequest

The functions of this committee are to buy and commission for the City's collection works of artists and craftspeople born, practising in, or otherwise associated with Scotland, and in particular, Edinburgh, using money from the bequest.

Current members

8 members plus one nominee of Friends of the City Arts Centre and three nominees of Director of Culture and Leisure - 2 Scottish Liberal Democrat, 2 Scottish National Party, 2 Labour, 2 Conservative

Councillor Dawe
Councillor Thomas
Councillor Brock
Counicllor McIvor
Councillor Godzik
Councillor Wilson
Councillor Elaine Aitken
Councuillor Buchan