Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
The current contract of one of the Pension
Fund Independent advisers, Aoifinn Devitt is due to end on 28
February 2017.
Due to this being a valuation year, the ongoing review of the
investment strategy and the transition to the Local Pensions
Partnership it is considered necessary to extend this
contract.
It is preferable to retain this adviser with existing knowledge of
the Fund, rather than looking to recruitment a new independent
adviser to meet the terms of reference of the Pension Fund
Committee and the Investment Panel
(Exempt information as defined in Paragraphs 1 and 3 of Part 1 of Schedule 12A of the Local Government Act 1972. It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interest in disclosing the information).
A report was presented in relation to a decision taken by the Director of Governance, Finance and Public Services under the urgent business procedure to approve the extension of the contract of an independent adviser to the Committee, for an additional two years to 28th February 2019 on the existing terms of appointment.
Resolved: That the report is noted.
Divisions Affected: None;
Contact: Abigail Leech Email: abigail.leech@lancashire.gov.uk.
Report author: Abigail Leech
Date of decision: 17/03/2017
Decided at meeting: 17/03/2017 - Pension Fund Committee
Accompanying Documents: