Issue - meetings

A report was presented on the one year budget for the Lancashire County Pension Fund for the year ending 31^st 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 31^st March 2021, as set out in Appendix 'A' to the report presented, is noted.