Decision Maker: Employment Committee
Decision status: Recommendations Approved
Is Key decision?: No
A report on remuneration experience of LPP,
including an update on LPP company wide remuneration and
remuneration/bonuses of senior staff. Factual update and not a
paper seeking any approvals or making any recommendations
(Not for Publication – Exempt information as defined in Paragraphs 1, 2 and 3 of Part 1 of Schedule 12A to the Local Government Act, 1972. It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighs the public interests in disclosing the information.)
Sean Greene, Head of Pension Fund presented a private and confidential report which set out an update on overall remuneration expenditure for the 2023-24 financial year, as well as information on remuneration provided to staff of Local Pensions Partnership Limited (LPPL) and its subsidiaries.
The need for training for Pension Fund Committee members was emphasised and it was noted that the Terms of Reference of the Committee were being updated.
Resolved: That the report be noted.
Divisions Affected: (All Divisions);
Contact: Sean Greene, Head of Pension Fund Email: Sean.Greene@lancashire.gov.uk.
Report author: Sean Greene
Date of decision: 10/09/2024
Decided at meeting: 10/09/2024 - Employment Committee
Accompanying Documents: