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Resolved –
 

1.         
That the fund account and net asset forecast for 2025/26 is
£22.80 billion be noted.

 

2.         
That the latest WYPF net management expense forecast of
£23.86m against a revised budget of £23.63m, overspend
of £3.99m. Due to the cost of setting up the Northern LGPS
FCA entity be noted.

 

3.         
That the WYPF Advisory Panel, at its last meeting on the 29
January 2026 approved a revised budget of £23.63m for 2025/26
and a base budget of £27.45m for 2026/27 be noted.

 

4.         
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.