At the suggestion of the Chair the Board discussed the possibility of working in partnership with the Local Pension Board of LPFA in relation to common processes such as monitoring and KPIs. It was suggested that whilst joint meetings between members of each Board would be impractical the sharing of certain information/documents (such as the Communication Policy) or in relation to standards/practices used to hold LPP to account (including risk management) would be beneficial in order to ensure a complimentary approach.
It was also suggested that a closer working partnership with the Local Pension Board of LPFA would be beneficial in establishing a consistent approach which could be applied to any additional organisations who may join the Partnership in the future.
Resolved: That the Chair explore potential areas for future joint working with the LPFA Board and report his findings to the next meeting.