Part II reports presented to the previous Pension Fund Committee
Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
The Part II reports which were presented to
the Pension Fund Committee on the 30th November 2018. The Head of
Fund will update members of the Board on the decisions taken in
respect of the reports.
(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12 A of the Local Government Act 1972. It was considered that in all the circumstances of the case the public interests in maintaining the exemption outweighed the public interest in disclosing the information).
The Head of Fund updated the Board on discussions at the Pension Fund Committee on the 30th November 2018 and decisions taken, including the following.
• Representatives from the Local Pension Partnership had been challenged in relation to concerns about the performance of the pension administration service and regular updates would continue to be presented to the Committee.
• The Investment Panel had been requested to explore with the Local Pension Partnership the proposed work plan to reach the target asset allocation for real estate and report back to a future meeting of the Committee.
• The Committee continued to receive detailed information in relation to individual investment portfolios that would inform the development of a Dashboard for future reporting.
Resolved: That the updates regarding reports considered by the Pension Fund Committee on the 30th November 2018 under Part II of the agenda and the decisions taken are noted.
Report author: Mike Neville
Date of decision: 29/01/2019
Decided at meeting: 29/01/2019 - Lancashire Local Pension Board