Decision details

Members of the Panel gave positive feedback on the 1^st September 2020 workshop where the Independent Advisers to the Fund had given a presentation on their recommendations following the review of the Investment Strategy. It was noted that the Pension Fund Committee on the 18^th September 2020 had approved the amended asset allocations and made a specific allocation to the Lancashire Local Property Portfolio.

It was also noted that the 2020/21 Training Record would be updated to show that all Board members had participated in the presentation prior to the start of the meeting on the role of internal audit in relation to the Fund and the Local Pensions Partnership.

Resolved:

1.  That the feedback from Board members regarding the workshop on the 1^st September 2020 given at the meeting is noted.

2.  That the 2020/21 Training Record be updated to show that all Board members participated in a virtual presentation on internal audit assurance of the Fund at 1.00pm on the 13^th October 2020.