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Investment Committee

The Investment Committee reports to the Finance and Planning Committee.

Aims

  • To ensure the delivery of a budgeted level of income in each year and maintain the real capital value of the value of funds under investment.

Terms of Reference

  • To ensure the investment manager’s compliance with the agreed investment mandate and for changes to the portfolio and investment strategy, within the requirements and limitations imposed by the Society’s Investment Policy.
  • To advise the Finance and Planning Committee on investment policies, including risk profile, and on targets for income generation from investments.
  • To appoint investment managers to the Investment Committee who are knowledgeable and competent in the provision of investment advice.
  • To periodically review the performance of the investment managers to ensure that the advice given is adequate to discharge the responsibilities of the Investment Committee and to ensure compliance with the Society’s Investment Policy.
  • After due consideration of advice received, to monitor the performance of the investment managers against targets or benchmarks. The appointment and on-going monitoring of investment managers will include an assessment of the investment manager’s adherence to the principles of the Financial Reporting Council’s UK Stewardship Code, the Principles for Responsible Investment (PRI) and best practice’ in environmental, social and corporate governance (ESG) stewardship.
  • To advise the Finance and Planning Committee on expected short and long term performance of the Society’s investment assets for both income generation and capital growth.
  • To report to the Finance and Planning Committee through the routine reports of the Treasurer and Director of Finance & Operations.

Method of Working

There will normally be four meetings of the Investment Committee per year.   Further business may be conducted by email.  
The secretariat will be provided by the Director of Finance & Operations.

Membership

Members, who do not need to be Fellows of the Society, will be invited to serve by the Treasurer and new members will be subject to the approval of the Finance & Planning Committee.  

Members will include at least one Trustee in addition to the Treasurer and selection will be based on their experience, in particular of making investment decisions.


Committee Members

Chair

  • Mr Graham Goffey (Treasurer)

Other Members

  • Dr Robert Arnott
  • Dr Iain Bartholomew
  • Miss Kitty Hall
  • Mr Keith Nunn
  • Dr Adam Law

Staff

  • Mr Alex McPherson (Director of Finance & Operations)
  • Mr George Jameson (External Relations Officer)