Decision details

(Exempt information as defined in Paragraphs (1), (2) and (3) of Part 1 of Schedule 12A to the Local Government Act, 1972.  It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interests in disclosing the information).

County Councillor Alan Schofield was invited to attend and given permission to speak on this item in accordance with Standing Order 19(1).

The Committee considered a report on proposals from Local Pensions Partnership Limited (LPPL) to increase the remuneration for three senior LPPL staff. 

It was noted that the shareholder's agreement between the County Council, the London Pension Fund Authority and LPPL provided that certain LPPL proposals must be approved by the shareholders, LPFA and the County Council.  This included decisions relating to the pay of senior LPPL staff.  The Committee noted that the remuneration proposals had been approved by LPFA.

Resolved:  That the remuneration proposals put forward by Local Pensions Partnership Ltd, as set out in the report, be approved.