Decision details
Investment Panel Report
Decision Maker: Pension Fund Committee
Decision status: For Determination
Is Key decision?: No
Purpose:
An update on the performance of global
markets/economies and on matters considered by the Investment Panel
of the Lancashire County Pension Fund since the last
meeting.
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.
Ms Devitt, Independent Adviser to the Committee, presented a report on the performance of global markets/economies and factors which influenced the investment market in which the Fund operated such as Brexit, the US elections and the ongoing Covid-19 pandemic.
The Committee was also presented with the Minutes from the Panel in August which had focussed on the formulation of recommendations associated with the investment strategy review as reported in the next item on the agenda.
Resolved: That the report is noted.
Divisions Affected: None;
Contact: Mike Neville Email: mike.neville@lancashire.gov.uk Tel: (01772) 533431.
Report author: Mike Neville
Date of decision: 18/09/2020
Decided at meeting: 18/09/2020 - Pension Fund Committee
Accompanying Documents:
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