Decision details

Lancashire County Pension Fund Performance Overview September 2019

Decision Maker: Pension Fund Committee

Decision status: For Determination

Is Key decision?: No

Purpose:

An update on the performance of the Pension Fund investments as at September 2019

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.

 

Mr Lambert, Independent Adviser to the Committee, updated the Committee on the overall performance of the Fund up to the 30th September 2019 and reported that updated figures would be presented to the next meeting. He also confirmed that the Fund continued to perform well and outperform both internal and external benchmarks and the Investment Panel would review the current investment strategy and report its findings to the Committee in due course.

 

Mr Lambert also reported that Mr Noel Mills, who had been an Independent Adviser to the Committee up to 2015, had recently retired.

 

Resolved:

 

1.  That the Committee place on record its appreciation to Mr N Mills for his valuable contribution as an Independent Adviser to the Committee between 2009 and 2015 and wish him well for his retirement.

 

2.  That the performance of the Fund up to the 30th September 2019, as set out in the report presented, is noted.

 

Report author: Paul Dobson

Date of decision: 07/02/2020

Decided at meeting: 07/02/2020 - Pension Fund Committee

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