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Resolved –
 

(1)   That the fund account and net
asset forecast for 2025/26 be noted.
 
(2)  That the
latest WYPF net management expense forecast of £23.63m
against a budget of £19.64m, overspend of £3.99m. Due
to the cost of setting up the Northern LGPS FCA entity be
noted.
 
(3)  That the
revised budget of £23.63m for 2025/26, based on the latest
expenditure forecast for 2025/26 be approved.
 
(4)  That the
proposed budget of £27.45m for 2026/27 be approved.
 
(5)  That the
2024/25 WYPF cost per member of £51.04 produced from the
2024/25 HMG sf3 statistical return indicating that WYPF has the
2nd lowest cost per member be noted.
 
 
To be actioned
by:  The Managing Director, WYPF