Broader range of With BCPP, it is planned that (in time) Such investments Access to new investment assets available. there will be access to greater are not currently investment assets specialist resources which should allow viable for the which are currently access to a broader range of Fund to invest in. not considered investment assets, e.g. co-investment viable. opportunities. Initial Project Categorisation Rating Benefit % Complexity % Full Comments Fwork or POAP 22% 67% Look to split the project into 2 (Assets and Staffing) after key decision is made by the Panel on which assets will transfer to BCPP. Risks Risk Description Owner Likelihood Impact Risk Mitigating Actions (1-5) (1,2,3,5,7) Score Staffing - Period up to Asset PC 5 7 35 Plans being developed to transfer and/or TUPE of transform the existing asset staff structure to units in unit trusts (passive funds), if needed. Staffing - Key Man Risks PC 5 7 35 New staffing structure will within the L&I team look to address this in the longer term. Additional resource required to assist with pooling project - approved by S151. Plans being developed to transform existing asset structure to units in unit trusts (passive funds), if needed. Assets (continued PC 5 7 35 Investment Panel workshop management up to pooling) provides guidance and agreement in principle over the future investment management strategy, including an interim solution through greater use of unit trusts (passive funds). Transfer of Assets to BCPP PC 5 7 35 Investment Panel workshop and June Panel meeting will set the strategy for use of the pool as an investment management solution & transition management arrangements with BCPP and a (potentially) procured transition manager and/or TPF Custodian.
Broader range of investment assets available. With BCPP, it is planned that (in time) there will be access to greater specialist resources which should allow access to a broader range of investment assets, e.g. co-investment opportunities. Such investments are not currently viable for the Fund to invest in. Access to new investment assets which are currently not considered viable. Initial Project Categorisation Rating Benefit % Complexity % Full Fwork or POAP Comments 22% 67% Look to split the project into 2 (Assets and Staffing) after key decision is made by the Panel on which assets will transfer to BCPP. Risks Risk Description Owner Likelihood (1-5) Impact (1,2,3,5,7) Risk Score Mitigating Actions Staffing - Period up to Asset transfer and/or TUPE of staff PC 5 7 35 Plans being developed to transform the existing asset structure to units in unit trusts (passive funds), if needed. Staffing - Key Man Risks within the L&I team PC 5 7 35 New staffing structure will look to address this in the longer term. Additional resource required to assist with pooling project - approved by S151. Plans being developed to transform existing asset structure to units in unit trusts (passive funds), if needed. Assets (continued management up to pooling) PC 5 7 35 Investment Panel workshop provides guidance and agreement in principle over the future investment management strategy, including an interim solution through greater use of unit trusts (passive funds). Transfer of Assets to BCPP PC 5 7 35 Investment Panel workshop and June Panel meeting will set the strategy for use of the pool as an investment management solution & transition management arrangements with BCPP and a (potentially) procured transition manager and/or TPF Custodian.
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