Decision details

The Head of Fund reported that as the current LCPF Training Policy had been approved in January 2016 a review had been undertaken and a number of minor changes were proposed to the policy, a revised version of which was set out at Appendix 'A' to the report. It was further reported that Training Plan for 2018 which set out various planned training events (including internal workshops/pre-Committee briefings and external conferences) had also been developed and was set out at Appendix 'B' to the report.

In considering the report the Committee recognised that the CIPFA Framework required all members of the Committee to have a broad knowledge of pensions and it was intended to undertake a training needs analysis to identify any gaps in knowledge which could be addressed through future training.

Resolved:

1.  That the Lancashire County Pension Fund Training Policy, as set out at Appendix 'A' to the report presented is approved.

2.  That the Committee agree to meet the requirements of the Training Policy which forms part of the Fund's wider risk management arrangements.

3.  That all members of the Committee complete a training needs analysis to inform the development of the Training Plan for 2018 and beyond.