SYPA’s response which you can read in full below is broadly supportive of the changes proposed as in many cases they reflect things which the Authority or its investment pool Border to Coast already do or are the logical next step in the development of current approaches. However, there are some areas of concern related to the ability of individual funds to fully express their investment beliefs through asset allocation and in relation to proposals to add independent members to fund governing bodies, which it is felt will undermine democratic accountability. 

The full response can be downloaded by clicking the DOWNLOAD button at the bottom of the article.