Decision details

Mr Master reported that during the period 1^st July, 2019 to 30^th September, 2019 there had been one breach in contribution payments and fourteen incidents of employers failing to submit contribution figures in relation to the Lancashire County Pension Fund. The Board noted that in all cases action had been taken to address the issues and that there were no data breaches in relation to the Fund during the same period.

It was noted that as an internal audit of the Local Pensions Partnership had identified some errors in transfer out payments for 2018/19 the Partnership had reviewed processes and had recorded the issue on the breaches log in accordance with Code of Practice 14. 

Resolved: That the update on the Lancashire County Pension Fund breaches log, as set out in the report presented, is noted.