Mr Master, Governance & Risk Officer for the Fund, presented a report on the small number of breaches in relation to contributions, data and administration, none of which had been deemed significant enough to warrant reporting to either the Information Commissioner or Pensions Regular.
In response to comments from the Board the Interim Head of Fund suggested that further detail be provided regarding the process used by the Local Pensions Partnership Administration when rating breaches in order that the Board could understand the rationale behind the figures set out in future reports.
Resolved:
1. That the summary of the Lancashire County Pension Fund Breaches Log for the period 1st October 2020 to the 31st December 2020, as set out in the report presented, is noted.
2. That the Operations Director at the Local Pensions Partnership Administration be requested to produce a report for the next meeting on the process used to assess and rate administration breaches.