Agenda

Pension Fund Committee - Friday, 14th June, 2024 10.30 am

Members of the public are welcome to attend our meetings to watch them in person at any of the venues across the County. Publicly accessible meetings held in County Hall will be webcast, which means they are available to be watched live or recorded on our website. Please see our webcasting notice here. The Committee may, in certain circumstances, resolve to hold part of the meeting in private. If this is the case, you will be required to leave the meeting.

Venue: Committee Room 'A' - The Tudor Room, County Hall, Preston. View directions

Contact: Mike Neville 

Media

Items
No. Item

1.

Constitution, Membership and Terms of Reference of the Pension Fund Committee pdf icon PDF 125 KB

Additional documents:

2.

Apologies

3.

Disclosure of Pecuniary and Non-Pecuniary Interests

Members are asked to consider whether they need to disclose any pecuniary and non-pecuniary interest in matters appearing on the agenda. Should a member require advice on declarations of interest they are advised to contact Josh Mynott, Democratic Services (telephone 01772 534580) in advance of the meeting.

 

4.

Minutes of the last meeting. pdf icon PDF 197 KB

The Committee is asked to confirm the enclosed copy of the Minutes from the meeting held on 8th March 2024 as an accurate record and for the Chair to sign the copy in the Minute Book.

5.

Budget Monitoring 2023/24 - Q4 pdf icon PDF 133 KB

Additional documents:

6.

2023/24 Training Record and feedback from members of the Committee on pension related training. pdf icon PDF 122 KB

Additional documents:

7.

Responsible Investment pdf icon PDF 137 KB

Additional documents:

8.

Urgent Business

An item of urgent business may only be considered under this heading where, by reason of special circumstances to be recorded in the Minutes, the Chair of the meeting is of the opinion that the item should be considered at the meeting as a matter of urgency.  Wherever possible, the Chief Executive should be given advance warning of any Member’s intention to raise a matter under this heading.

8a

Local Pensions Partnership Governance Review - Articles of Association

9.

Date of Next Meeting

The next meeting will be held on 13th September 2024 in Committee Room 'A' – The Tudor Room at County Hall, Preston, starting at 10.30am.

10.

Exclusion of Press and Public

The Committee is asked to consider whether, under Section 100A(4) of the Local Government Act, 1972, it considers that the press and public should be excluded from the meeting during consideration of the following items of business on the grounds that there would be a likely disclosure of exempt information as defined in the appropriate paragraph of Part 1 of Schedule 12A to the Local Government Act, 1972, as indicated against the heading to the item.

Part II (Not open to Press and Public)

11.

Annual Administration Report

12.

Local Pensions Partnership - Shareholder Update

13.

LCPF Investment Update - Including Investment Performance

Representatives from the Local Pension Partnership Ltd are to leave the meeting at this point.

 

14.

Investment Panel Report

15.

Risk Register

16.

Report of the Appointments Sub Committee - Independent Investment Adviser Appointment

17.

Procurement Update - Custodian Services for Lancashire County Pension Fund