Part I reports considered by the Pension Fund Committee in December
Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
Decisions:
The Board received a report on Part I items which had been presented to the Pension Fund Committee on the 2nd December, 2016.
With regard to the 2016 Actuarial Valuation of the Lancashire County Pension Fund it was noted that the Fund has no discretion to use the discount rate or assumptions used by the Government Actuarial Department in its Section 13 valuation but is legally obliged to use its own Actuary's figures.
It was also noted that Responsible Investment would be considered by a Working Group of the Pension Fund Committee as part of future discussions regarding the a review of the investment strategy.
Resolved: That the report is noted.
Date of decision: 17/01/2017
Decided at meeting: 17/01/2017 - Lancashire Local Pension Board
Accompanying Documents:
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