Lancashire County Pension Fund Annual Report
Decision status: Recommendations Approved
Is Key decision?: No
The Head of Fund presented a report on the final version of the Lancashire County Pension Fund Annual Report for the year ended 31st March 2019 and highlighted a number of additional amendments which had been made since the draft report was presented at the previous meeting.
In considering the report members of the Committee highlighted some additional minor amendments and it was suggested that key messages from the Annual Report should be relayed to scheme members via a newsletter. It was also reported that the external auditor had concluded that the information in the annual report was consistent with the audited financial statements included within the statement of accounts.
1. That the updates to the Annual Report for the year ended 31st March 2019, as set out in the report presented, are noted.
2. That the following
additional changes be made to the Annual Report.
a) amend the text in the foreword to clarify the relationship between the County Council, Preston City Council and the Fund in relation to the Park Hotel development.
b) amend the wording on page 6 to clarify those co-opted members of the Committee who are elected representatives.
3. That, subject to any further minor amendments, the Annual Report for the year ended 31st March is approved for publication on or before the 1st December 2019.
Date of decision: 20/09/2019
Decided at meeting: 20/09/2019 - Pension Fund Committee