Decision details

Update on Part I reports presented to the last Pension Fund Committee

Decision Maker: Lancashire Local Pension Board

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

Part I items that were presented to the Pension Fund Committee on the 20th September 2019.

Decisions:

The Head of Fund presented a report on matters considered by the Pension Fund Committee on the 20th September 2019 under Part I of the agenda.

 

In considering the report the Board recognised the positive response from the External Auditor in relation to the Lancashire County Pension Fund.

 

The Board also acknowledged that Environmental Social Governance was a complex issue and noted the progress made to date by the Fund in relation to its established Responsible Investment Policy and investments. With regard to the current reporting to the Committee on responsible investment it was suggested that benchmarked data was required in order to enable progress to be tracked and it was noted that the developing Dashboard method of reporting would go some way towards that. The Head of Fund reminded members of the Board that arrangements were being made for representatives from the Local Authorities and Pension Fund Forum (LAPFF) to give a private briefing for the Pension Fund Committee and the Board in November 2019 regarding the function of LAPFF and specific work they do in relation to Climate Change.

 

Resolved: That the decisions taken by the Pension Fund Committee in relation to reports presented to the meeting on the 20th September 2019 are noted.

Report author: Mike Neville

Date of decision: 15/10/2019

Decided at meeting: 15/10/2019 - Lancashire Local Pension Board

Accompanying Documents: