The PCC approved the Annual Investment Strategy for 2015/16 in February 2015.
A copy is attached for information.
There are a limited number of financial institutions, with which the PCC invests. Only certain institutions will take investments at the level, which the PCC has available, and the time period over which the funds are invested.
The PCC has been asked to increase the amount that can be invested with any one ‘Specified Investment Counterparty’ to £10m (from £7m.)
He has also been asked to increase the amount that can be invested in any Group of ‘Specified Counterparties’ to £15m from £10m.
This will enable management of peak cash flow that occurs in July. It will also enable the best return on investment while not significantly increasing the level of risk.