Delegated decisions linked to this meeting

Decision summaries below are AI-generated from the council’s published record. Check the council source or the full decision page before relying on them.

• Disclosure of Pecuniary and Non-Pecuniary Interests

  Recommendations Approved

• Pension related training for members of the Committee.

  Recommendations Approved

  The Pension Fund Committee decided to approve recommendations on 13/09/2024. The Committee reviewed a report on pension-related training undertaken by its members. The Training Record for the Committee will be updated to reflect member participation.

• Budget Monitoring 2024/25 - Quarter ended 30th June 2024

  Recommendations Approved

  The Lancashire Pension Fund Committee approved budget monitoring recommendations on 13 September 2024. The committee reviewed the income and expenditure for the three months ending 30 June 2024 and noted budget and forecast variances. The report indicated that money available for investment would be greater than budgeted for the financial year.

• Lancashire County Pension Fund Cyber Security Strategy.

  Recommendations Approved

  The Pension Fund Committee of Lancashire Council approved recommendations on 13/09/2024. The report detailed actions taken by the Fund team to meet new cyber security requirements from The Pension Regulator.

• Update on LCPF Strategic Plan 2024/25

  Recommendations Approved

  The Pension Fund Committee of Lancashire Council approved recommendations on 13/09/2024. This decision concerned an update on the LCPF Strategic Plan 2024/25.

• Lancashire County Pension Fund - Training Policy & Training Plan

  Recommendations Approved

  The Pension Fund Committee of Lancashire Council approved the new Training Policy and updated Training Plan on 13 September 2024.

• Local Pensions Partnership - Shareholder Update.

  Recommendations Approved

  Lancashire Pension Fund Committee approved recommendations on 13/09/2024. This concerned an update on Local Pensions Partnership activity in the quarter.

• Investment Panel Update

  Recommendations Approved

  The Pension Fund Committee of Lancashire Council approved recommendations on 13/09/2024. This decision followed an update on matters considered by the Investment Panel.

• Local Investment.

  Recommendations Approved

  Lancashire Pension Fund Committee approved recommendations on 13/09/2024. The decision concerned the local investment allocation and a proposed increase in this allocation.

• Lancashire County Pension Fund Investment Update

  Recommendations Approved

  Lancashire Pension Fund Committee approved recommendations on 13/09/2024. The decision concerned an update on investment matters, including the macro-economic outlook, fund developments, and headline performance of the LCPF.

• Lancashire County Pension Fund Annual Report 2023/24

  Recommendations Approved

  The Pension Fund Committee decided to approve the Lancashire County Pension Fund Annual Report 2023/24 on 13 September 2024. The report details the fund's activity and financials for the year. The pension team will proceed with design, external audit opinion inclusion, and accounting updates for publication.

• Internal audit assurance for the Pension Fund Committee

  Recommendations Approved

  Lancashire Pension Fund Committee approved recommendations on 13/09/2024. The committee was informed of the outcomes of internal audit work for 2023/24 and the annual audit plan for 2024/25 relating to the LCPF.

• Fund Discretions Review

  Recommendations Approved

  The Pension Fund Committee approved recommendations on 13/09/2024. The committee decided to discontinue the abatement of ill-health pensions in payment from 1 October 2024 and reinstate any currently abated pensions.

• Local Pensions Partnership Administration Update

  Recommendations Approved

  Lancashire Pension Fund Committee approved recommendations on 13/09/2024. This was an update on administration performance.

• Responsible Investments Report

  Recommendations Approved

  The Lancashire Pension Fund Committee approved recommendations regarding responsible investments on 13 September 2024. The committee agreed to establish a Task and Finish Group to review and update the Responsible Investment Policy and develop climate-related disclosures.

• Lancashire County Pension Fund - External Audit Plan 2023/24

  Recommendations Approved

  The Pension Fund Committee of Lancashire Council approved the external audit plan for the Lancashire County Pension Fund for 2023/24 on 13 September 2024. The committee also reviewed the external audit findings for the year ended 31 March 2023.

Attendees

Councillor County Councillor Steve Rigby Conservative · St Annes South

County Ron Woollam  Conservative

County Joan Burrows  Conservative

County Jeff Couperthwaite  Conservative

County Charles Edwards  Conservative

County Frank De Molfetta  Labour

Councillor County Councillor Matthew Brown Local Councillor Decision - Preston Central West Labour and Co-operative Party · Preston Central West

County Andrew Gardiner  Conservative

Councillor County Councillor Mark Clifford Local Councillor Decision - Clayton with Whittle Labour · Clayton with Whittle

County John Fillis  Labour

Councillor County Councillor Gina Dowding Deputy Leader of the Opposition, Local Councillor Decision - Lancaster Central Green · Lancaster Central

County Alan Schofield  Conservative

County Eddie Pope  Conservative

Topics

No topics have been identified for this meeting yet.

Meeting Documents