LCPF Risk Assurance Map Update
Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to 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 on the outcome of a review of the detailed assurance requirements in relation to the 25 priority ratings set out in the Risk Assurance Map. The Board noted that following the review it was considered that the risk associated with 12 of the ratings had been reduced and remained the same for the other 13 ratings.
The Board discussed the ongoing pension administration transformation process and agreed that a detailed review on the administration/cost savings and budgets associated with pooling be presented to the meeting in July 2018.
1. That the updates set out in Appendix 'A' to the report presented, regarding the findings of the review of detailed assurance requirements for the 25 priority ratings in the Risk Assurance Map, are noted.
2. That a revised version of the Risk Assurance Map, which reflects the updates referred to in 1 above is presented to a future meeting.
3. That a detailed review of the administration/cost savings and budgets associated with the Lancashire Pension Partnership be presented to the meeting in July 2018.
Report author: Mukhtar Master
Date of decision: 16/01/2018
Decided at meeting: 16/01/2018 - Lancashire Local Pension Board