Decision details

Shareholder reserved matters

Decision Maker: Pension Fund Committee

Decision status: For Determination

Is Key decision?: No

Purpose:

This report presents details on two contractual arrangements for Local Pensions Partnership Administration which require approval from the Pension fund committee under the shareholders agreement.

Decisions:

Exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of 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 interest in disclosing the information.

 

A report was presented on two contractual arrangements relating to Local Pensions Partnership Administration Limited which required a decision by Lancashire County Council and the London Pension Fund Authority as shareholders.

 

Resolved:

 

1.  That approval in principle is given to Local Pensions Partnership Administration Limited entering into a contract for a new pension's administration system and the lease agreement for offices at East Cliff, Preston as set out in the report presented.

 

2.  That the Director of Corporate Services is authorised to agree the final shareholder approval to enter into the agreements referred to at 1 above.

Divisions Affected: None;

Contact: Abigail Leech Email: abigail.leech@lancashire.gov.uk.

Report author: Abigail Leech

Date of decision: 18/09/2020

Decided at meeting: 18/09/2020 - Pension Fund Committee

Accompanying Documents: