Milo Kerr presented a report to update members on the progress in the last quarter, highlighting the launch of a number of new investment propositions and setting out the progress in asset pooling.

It was however noted that further work was required to complete the original commitment to pool and the report set out potential options for transitioning un-pooled listed assets.

Following discussion it was:

RESOLVED

1.    To recommend the plan to Shareholders for approval.

2.    To note the quarterly management information used to track pooling progress as set out in Appendix 3