Lancashire County Pension Fund - Budget for year ending 31 March 2021
Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
To provide a one year financial budget for the
year ending 31 March 2021.
A report was presented on the one year budget for the Lancashire County Pension Fund for the year ending 31st March 2021 which forecast that the net income available for investment (before accounting for changes in the market value of investments during the year) would be £219m.
The Committee discussed the performance of investments, the potential impact on markets of the Covid-19 virus and the increase in the market value of the Fund's assets and associated investment management fees.
Resolved: That the Lancashire County Pension Fund budget for the year ending 31st March 2021, as set out in Appendix 'A' to the report presented, is noted.
Report author: Helen Gallacher
Date of decision: 06/03/2020
Decided at meeting: 06/03/2020 - Pension Fund Committee