Decision details

The Board considered a report which summarised the Lancashire County Pension Fund Breaches Log and noted that for the period 1^st January to 31^st March 2018 there had been a total of 54 breaches regarding contribution payments from employers, none of which were deemed as being material breaches. It was noted that the majority of breaches related to one off late payments and the Fund was continuing to work with employers to minimise the possibility of similar breaches in the future.

Resolved: That the report is noted and that detailed information regarding future reported breaches be presented to the Board on a quarterly basis.