The Chair presented a report on the latest Guidance from CIPFA which offered an insight into a range of issues that would have an impact on Local Pension Boards.
Members of the Board agreed that in many respects the Lancashire Board had a good working relationship with the administering authority and cited good communications, access to 'exempt information' and the regular attendance of the Chair at meetings of the Pension Fund Committee as indicators that the Board was considered a valued 'critical friend'.
The Chair urged members of the Board to attend future training sessions organised by CIPFA as it was often helpful to meet members of other Boards and see how they operated.
Resolved: That the contents of the CIPFA Guide for Local Pension Boards (published in May 2018) are noted and a copy of the Guidance made available to members of the board via the secure pensions Library for future reference.