item 7 j structure 2004 general purposes bpf 28 sept quarterly monitoring june 04 doc1 london borough of brent pension fund sub committee september th report no from the director finance for information wards affected none specifc on activity quarter to 30th 1 summary this provides a during ended it examines actions taken economic and market background investment performance 2 recommendations members are asked note 3 financial implications these contained within body 4 staffing directly 5 diversity proposals in have been subject screening officers believe that there arising 6 detail 30 world markets rose marginally uk was as follows base rates bank england signalled would rise head off inflationary pressures full employment house prices rising