Issue - meetings

The Head of Fund informed the meeting that the Local Government Pension Scheme Regulations required the Administering Authority to prepare and keep under review its statements of policy concerning the discretionary areas of the Local Government Pension Scheme regulations.

It was reported that following a review a number of amendments were proposed to the current Discretions Policy Statement (as set out in Appendix 'A' to the report) in order to reflect current practices and regulatory updates.

Resolved: That the updated version of the Discretions Policy Statement for the Lancashire County Pension Fund, as set out at Appendix 'A' to the report presented, is approved.