Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
This report sets out the draft findings of the
work carried out by PwC on the risk and governance arrangements for
the Pension Fund.
(Not for publication – Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972. It is considered that in all of the circumstances of the case the public interest in maintaining the exemption outweighs the public interest in disclosing the information).
A report was presented on the draft recommendations from a review of the risk and governance arrangements for the Fund following the establishment of the Local Pensions Partnership. In considering the report members agreed that in future the Board should adopt a scrutiny role in relation to items highlighted in the risk assurance map once it had been finalised.
Resolved:
1. That the Board welcome the work done to date in relation to reviewing risk and governance arrangements for the Fund.
2. That the Board recognise that the draft risk register and risk assurance map will be the subject of further discussions at a Pension Fund Committee Workshop in February 2017.
3. That the Board be advised of the outcome of discussions at the Workshop in relation to finalising the risk register and risk assurance map before the next meeting.
Divisions Affected: (All Divisions);
Contact: Abigail Leech Email: abigail.leech@lancashire.gov.uk.
Report author: Abigail Leech
Date of decision: 17/01/2017
Decided at meeting: 17/01/2017 - Lancashire Local Pension Board
Accompanying Documents: