Decision details

(Exempt information as defined in Paragraph 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).

The Head of Fund presented a report on matters considered by the Investment Panel since the last meeting which included an update on the investment and Market context in which the Lancashire County Pension Fund operated. It was reported that the Panel had discussed the rate of return on a proposed development and had recommended a particular base case investment rate return be applied to the project.

Resolved:

1.  That the report of the investment panel is noted.

2.  That a base case investment rate of return of 4.7% per annum (based on an assumed CPI rate of 2% per annum) be applied to the proposed development referred to in the report presented.