Compliance with The Pension Regulator Requirements - Update
Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
The updated draft Compliance
The Head of Your Pension Service presented a report regarding The Pensions Regulator's Code of Practice No. 14 (COP14) and informed the meeting that the updated draft Compliance Statement reflected the fact that LCPF remained generally compliant with the regulator's requirements for public service pension schemes and also recognised that action taken to improve data quality had been successful.
In response to a query regarding the development of a record to monitor the payment of contributions the Head of Fund confirmed that an update would be presented to the next meeting.
1. That the draft updated Compliance Statement in relation to COP14, as set out in Appendix 'A' to the report presented, is noted.
2. That an update on the development of a record to monitor the payment of contributions be presented to the next meeting.
Report author: Mike Neville
Date of decision: 16/01/2018
Decided at meeting: 16/01/2018 - Lancashire Local Pension Board