Contents 04
Convener’s introduction
06
About the Fund
07
Governance Compliance Statement
08
Strathclyde Pension Fund Committee
11
Risk Register
13
Representative Forum
14
Funding Strategy Statement
15
2008 valuation executive summary
16
Statement of Investment Principles
19
Investment Advisory Panel
20
Investment strategy
22
Investment performance
24
Responsible investment
28
Administration performance
31
Pension Administration Strategy
36
Financial statements
49
Fund membership
52
No. 3 Fund
54
No. 3 Fund Financial Statements
62
Independent Auditor’s Report
64
Contacts
STRATHCLYDE PENSION FUND ANNUAL REPORT 2011
3