Decision details

The Committee considered a report setting out details of a revised Governance Policy Statement for the Lancashire County Pension Fund. It was a requirement that such Policy Statements set out the responsibilities and delegated authorities of those parties involved in the running of the Fund and that it was kept updated on a regular basis.

Following the establishment of the Local Pensions Partnership, a number of consequential changes had been made to the terms of reference and delegated responsibilities of the Committee, the Investment Panel and officers, and these had been reflected in an updated Policy Statement.

Resolved: - That the updated Lancashire County Pension Fund Governance Policy Statement, as set out at Appendix 'A' to the report, now presented, be approved.