Decision details

CEM Benchmarking 2024

Decision Maker: Lancashire Local Pension Board

Decision status: For Determination

Is Key decision?: No

Purpose:

This report presents the results of the 2024 CEM Benchmarking Survey which LPPA participated in to understand how they compare against their peers.

Decisions:

(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 Fisher, Commercial Manager from Local Pensions Partnership Administration Ltd (LPPA) presented a report on the results of the Cost Effectiveness Measurement (CEM) Benchmarking Survey of LPPA against a peer group of administration service providers.

 

In considering the report the Board noted the areas where LPPA had scored higher that the peer group, and areas which had been identified for improvement. In conclusion the Chair stated that the benchmarking exercise had established a baseline for the LPPA, that the Board would continue to monitor performance, and would expect to see improvements in the future.

 

Resolved: The Board notedthe findings set out in the report and the actions taken by Local Pensions Partnership Administration Ltd regarding the areas of improvement identified by the CEM benchmarking exercise.

Corporate Priorities : Thinking differently;

Divisions Affected: N/A;

Contact: Catherine Hunt Email: catherine.hunt2@lancashire.gov.uk.

Report author: Catherine Hunt

Date of decision: 01/04/2025

Decided at meeting: 01/04/2025 - Lancashire Local Pension Board

Accompanying Documents: