The Lancashire County Pension Fund Committee noted the scope of the Audit Plan for 2019/20 and agreed the Head of the Fund would discuss total audit fees with Grant Thornton. The committee also noted the Q3 budget monitoring and the budget for the year ending March 2021. The revised Funding Strategy Statement was approved subject to an amendment regarding future service contribution rates. The committee approved the 2020/21 work plan for the Lancashire Local Pension Board and approved the 2020-25 Strategic Plan and 2020/21 budget for the Local Pensions Partnership. Updates on the Local Pensions Partnership's activity and performance, the Investment Panel report, and the Lancashire County Pension Fund's performance overview were noted.