Decision details

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.

Mr Rule, Chief Executive of the Local Pensions Partnership Ltd (LPP), presented a detailed report on the LPP Group budget for 2025/26, together with a Growth Plan for Local Pensions Partnership Administration Ltd (LPPA) and an updated business plan for the Local Pensions Partnerships Investments Ltd. In considering the report Committee members discussed LPPA staff pay, the LCC/LPPA administrative risk and the need to maintain a consistent approach in relation to LPPA clients.

Resolved: After considering the report presented the Committee:

1.  Approved the LPP Group Budget for 2025/26 as set out in Appendix 'A' to the report.

2.  Approved the LPPA Growth Plan as set out in Appendix 'B' to the report.

3.  Noted the LCC/LPPA Administration Risk analysis outcomes and summary of actions presented in Appendix 'C' and performance against the LPPA Business Plan for 2024/25 as set out in Appendix 'D' to the report, and

4.  Approved the LPPI Business Plan for 2025-28 as set out in Appendix 'E' to the report.