Decision details

LGPS - Fit for the Future Consultation

Decision Maker: Pension Fund Committee

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

A report to the committee on the governments LGPS Fit for the Future Consultation

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.

 

The Committee considered a report on the Government consultation entitled Local Government Pension Scheme (England & Wales) Fit for the Future which related to  investments, pooling, and governance by LGPS Funds in the future and Mr Rule, Chief Executive of the Local Pensions Partnership, answered questions from Committee members regarding increased pooling of investments, local investment, and communications with scheme members.

 

Resolved:

 

1.  That Committee members be provided with a copy of the Government consultation entitled 'Local Government Pension Scheme (England & Wales) Fit for the Future for information.

 

2.  That the Chair of the Pension Fund Committee be authorised to approve the final version of the response of the Lancashire County Pension Fund to the Local Government Pension Scheme (England and Wales) Fit for the Future consultation before the 16 January 2025 deadline.

 

3.  That a copy of the final response from the Fund to the consultation referred to in 2 above be made available to Committee members via the online library for information.

 

Divisions Affected: N/A;

Contact: Junaid Laly Email: Junaid.Laly2@lancashire.gov.uk.

Report author: Junaid Laly

Date of decision: 06/12/2024

Decided at meeting: 06/12/2024 - Pension Fund Committee

Accompanying Documents: