Irb 110625
Renfrewshire Council · 11 September 2025
Back to Finance, Resources and Customer Services Policy Board — 11 September 2025 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
Page 1
Minute of Meeting Investment Review Board Date Time Venue Wednesday, 11 June 2025 11:00 Remotely via MS Teams, Present: Councillor Alison Ann-Dowling, Councillor Iain Nicolson, Councillor John Shaw Chair Councillor Shaw, Convener, presided. In Attendance C McCourt, Head of Finance & Procurement, G Borland, Finance Manager, A Burns, Corporate Finance Manager, and D Cunningham, Licensing & Committee Services Officer (all Finance & Resources). Also in Attendance D Watson, Investment Consultant Hymans Robertson LLP, G Brisbane and J Ryan, LGT Wealth Management Limited, formerly abrdn Capital Limited. Recording of Meeting Prior to the commencement of the meeting, the Convener intimated that this meeting of this Board would be recorded and that the recording would be available to watch on the Council’s website. Apology Councillor J Cameron. Declarations of Interest and Transparency Statements There were no declarations of interest or transparency statements intimated prior to the commencement of the meeting.
Page 2
1 Minute of Previous Meeting There was submitted the Minute of the meeting of the Investment Review Board held on 20 November 2024. DECIDED: That the Minute be approved. 2 Paisley and Renfrew Common Good Funds six-month report to 31 March 2025 There was submitted a report by the Director of Finance & Resources together with a presentation by D Watson from Hymans Robertson LLP, relative to the Paisley and Renfrew Common Good Funds, a review of investment income and the key issues relating to the Paisley and Renfrew Common Good Funds. G Brisbane, Senior Investment Manager and Charity Lead (Scotland) LGT Wealth Management Limited (formerly abrdn Capital Limited) also spoke to the presentation relative to the Paisley and Renfrew Common Good funds investments performance. The presentation referred to a review of the Investment Managers’ performance for the six months to 31 September 2025; an update of markets; and the current economic climate. DECIDED: That the report and presentation be noted. 3 Date of Next Meeting DECIDED: That the next meeting of the Investment Review Board be held on 19 November 2025.