Decision Maker: Lancashire Local Pension Board
Decision status: For Determination
Is Key decision?: No
For the Board to note and comment on the risk
register.
(Exempt information as defined in Paragraph 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 outweighed the public interest in disclosing the information).
Mr
Almond, Senior Governance Officer from the Pensions Team presented
an update report on the management of key risks associated with the
Fund, as set out in the Risk Register. He reported that work on
streamlining the Risk Register was underway and it was expected
that most risks would be streamlined by the review point for the
project in October 2025.
The Head of Fund suggested that a Board member be nominated to work with the Pensions Team and review the streamlined templates for individual risks before they are presented to the Board.
Resolved:
1. That the updates to risks M1 and O7, as set out in the report presented, are noted.
2. That the new risk T7 is approved for inclusion in the Risk Register, and
3. That the streamlined updates to risks I1, M1, O1 and O7 in the Risk Register, as set out in the report presented, are approved.
4. That Mr S Lawrence (Employer rep) and Ms D Parker (Scheme Member rep) work with the Pensions Team to review the streamlined templates for individual risks before they are included in the Risk Register and presented to the Board.
Corporate Priorities : N/A;
Divisions Affected: N/A;
Contact: James Almond Email: james.almond2@lancashire.gov.uk Tel: 01772 539699.
Report author: James Almond
Date of decision: 28/01/2025
Decided at meeting: 28/01/2025 - Lancashire Local Pension Board
Accompanying Documents: