Content

 
Resolved –

 

A.        
That the progress on the audit of the
2024/25 annual report and account, current target completion date
is 28Nov2025 be noted

 

B.        
That the fund account and net asset
forecast for 2025/26 is £21.62 billion be
noted.

 

C.        
That the latest WYPF net management
expense forecast is £18.98m against a budget of
£19.64m, underspend of £0.66m be noted.

 

D.        
That the estimated cost per member of
£57.98 for 2025/26 be noted.

 

E.        
That the latest estimated cost of
transferring investment services to the Northern Pool FCA entity is
£4.23m for 2025/2 and £3.62m for 2026/27 be noted. This
cost is in addition to the current budgeted cost of service in C.
above.

 

F.        
That the impact on the cost per member
of moving to the FCA operating model means that the cost per member
could increase to £70.91 for 2025/26 and £70.80 for
2026/26, be noted.
 
To be actioned
by:  The Managing Director, WYPF