Decision Maker: Pension Fund Committee
Decision status: For Determination
Is Key decision?: No
For the Committee to note and approve changes
to the risk register.
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 Head of Fund presented a report on the full risk register for the Lancashire County Pension Fund which had been reviewed by the Local Pension Board in October 2024.
Resolved:
1. That the closure of risks T2, T3 and T4, as set out in the report are approved
2. That the amendments to risks O7 and T5 set out in the report to reflect the progress made in both areas are approved.
3. That the proposed changes to the format of the risk register set out in the report be implemented for a trial period as recommended by the Pension Board and reviewed in October 2025 with a report back to the Committee in December 2025 on whether the changes be implemented across all risks in the register on a permanent basis.
Divisions Affected: N/A;
Contact: James Almond Email: james.almond2@lancashire.gov.uk Tel: 01772 539699.
Report author: James Almond
Date of decision: 06/12/2024
Decided at meeting: 06/12/2024 - Pension Fund Committee
Accompanying Documents: