Decision details

Draft Funding Strategy Statement

Decision Maker: Lancashire Local Pension Board

Decision status: Recommendations Approved

Is Key decision?: No


The Draft Funding Strategy for the Lancashire County Pension Fund is currently out to consultation. The Board are asked to note the contents of the draft statement and are invited to provide any comments they may have to the Head of Fund for consideration as part of this consultation.


A report was presented on the draft Funding Strategy Statement which the Lancashire County Pension Fund is required to produce under the terms of the Local Government Pension Scheme Regulations.


In considering the report the Board recognised that the draft Statement was both comprehensive and applicable to the different types and size of employer within the Lancashire County Pension Fund. It was noted that all interested parties were being consulted on the draft Statement with a deadline for receipt of comments of the 31st January 2020. An updated draft would then be presented to the Pension Fund Committee on the 7th February 2020 with a final version of the Statement being presented for approval at the meeting on 6th March 2020. 


Resolved: That individual members of the Board forward any specific comments they may have on the draft Funding Strategy Statement to the Head of the Pension Fund before the 31st January, 2020, so that they can be taken into account when finalising the Statement before it is submitted to the Pension Fund Committee for approval.


Report author: Colin Smith

Date of decision: 14/01/2020

Decided at meeting: 14/01/2020 - Lancashire Local Pension Board

Accompanying Documents: