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.
PDF 163 KBVenue: Committee Room 'A' - The Tudor Room, County Hall, Preston. View directions
Contact: Mike Neville (Clerk to the Pension Fund Committee) Please note, queries from scheme members regarding individual pensions should be directed to LPPA using the web link: https://www.lppapensions.co.uk.
Media
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Welcome and Apologies |
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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.
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Terms of Reference for the Pension Fund Committee Additional documents: |
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Minutes of the last meeting. The Committee is asked to confirm the enclosed copy of the Minutes from the meeting held on 13 September 2024 as an accurate record and for the Chair to sign the copy in the Minute Book. |
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Budget Monitoring 2024/25 - Q2 Additional documents: |
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Pension related training for members of the Pension Fund Committee. |
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Local Pensions Partnership Annual Report and Accounts Additional documents: |
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Responsible Investments Report Additional documents: |
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2025 Valuation Process and Timetable Additional documents: |
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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. |
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Date of Next Meeting The next scheduled meeting of the Committee will be held on 7th March 2025 in Committee Room 'A' – The Tudor Room at County Hall, Preston, starting at 10.30am. |
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2025/26 Programme of meetings The current programme of meetings for the Pension Fund Committee ends with the meeting scheduled for 10.30am on 7 March 2025. At the meeting on 17 October 2024 Full Council approved a 2025/26 programme of meetings for Cabinet/Committees which includes the following dates for the Pension Fund Committee.
20 June 2025 19 September 2025 12 December 2025 20 March 2026
All the above meetings will be held in Committee Room 'A' - The Tudor Room at County Hall, Preston, starting at 10.30am. |
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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. |
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Part II (Not open to Press and Public) |
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LGPS - Fit for the Future Consultation |
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Local Pensions Partnership Administration Update |
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Risk Register |
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Chair of the Lancashire Local Pension Board to leave the meeting at this point. |
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Local Pensions Partnership - Shareholder Update |
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Investment Performance Report Additional documents:
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Representatives from Local Pension Partnership Ltd to leave the meeting at this point.
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Investment Panel Report |
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Independent Investment Advisers to leave the meeting. |
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Independent Investment Adviser - Strategic Objectives Review |
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Independent Investment Adviser - Contract Extension |