Decision details

(Exempt information as defined in Paragraphs 1 and 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).

The Committee considered a report setting out progress on the development of the Lancashire and London Pensions Partnership following the Committee's agreement in principle, following its meeting on 2 July 2015, to continue to develop proposals for the creation of an Asset and Liability Management Partnership with the London Pensions Fund Authority (LPFA).

The report referred to progress made on the various legal and financial workstreams underway as part of the due diligence process  which were being undertaken by independent legal and financial advisors on behalf of the County Council and LPFA.

Resolved: - That:

(i)  The report, now presented, be noted;

(ii)  That Members of the Project Advisory Working Party and Officers be thanked for the work undertaken to date to progress the proposals.