Decision details

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

Decision Maker: Lancashire Local Pension Board

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

Part II reports presented to the Pension Fund Committee on the 20th September 2019.

Decisions:

(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 Board considered a report on all the items presented to the Pension Fund Committee on the 20th September 2019 under Part II of the agenda and noted the following.

 

·  The Local Pensions Partnership was in the process of finalising its strategic plan which would be presented to the next meeting of the Pension Fund Committee on the 29th November 2019 and reported to the Board in January 2020. 

 

·  Whilst improvements had been made to date in relation to the pension administration service it was suggested that a strategic overview for the next 3 years in relation to people, culture and systems would be helpful.

 

·  Following the external audit of the Local Pensions Partnership the Committee had requested the Head of Internal Audit to liaise with the Chief Risk Officer from the Partnership to produce an update report for the November meeting on progress made in relation implementation of the Senior Management Board Action Plans.

 

Resolved: That the updates regarding reports considered by the Pension Fund Committee on the 20th September 2019 under Part II of the agenda and the decisions taken are noted.

 

Report author: Mike Neville

Date of decision: 15/10/2019

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

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