Decision details

'Good Governance in the LGPS' Project Update

Decision Maker: Lancashire Local Pension Board

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

A report providing an update on the 'Good Governance in the LGPS' Project.

Decisions:

A report was presented on the most recent update with regard to the Scheme Advisory Board's 'Good Governance in the LGPS' project, which included  recommendations covering areas such as conflicts of interest, representation, skills/training and compliance/improvement.

 

The Chair identified a number of recommendations in the Appendix where the Board would be able to provide valuable input and it was acknowledged that measures were already place in relation to some other recommendations. It was noted that in due course Officers would review any firm proposals agreed by the Scheme Advisory Board against existing governance arrangements for the Fund ahead of the publication of any statutory guidance.

 

Resolved:

 

1.  That the recommendations set out in the November 2019 report by the Scheme Advisory Board regarding Phase II of the 'Good Governance in the LGPS' project are noted.

 

2.  That the current governance arrangements of the Fund be reviewed against any statutory guidance issued by the Ministry for Housing, Communities and Local Government and a further report presented to a future meeting of the Board before any recommended changes are referred to the Pension Fund Committee.

Report author: Mukhtar Master

Date of decision: 14/01/2020

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

Accompanying Documents: