The Pensions Committee is scheduled to meet on Thursday, 19 March 2026, to review a range of reports concerning the Lincolnshire Pension Fund. Key discussions are expected to cover the fund's financial performance, administrative operations, and strategic planning, including the annual valuation and business plan.

Lincolnshire Pension Fund Update

A report by Jo Kempton, Head of Lincolnshire Pension Fund, is scheduled to provide an update on the fund's matters for the quarter ending 31 December 2025. This report, titled Fund Update Report to Dec 2025, will also cover any other current issues affecting the fund.

Annual Report and Accounts and External Auditor Update

The committee is set to receive a report from Claire Machej, Accounting, Governance and Investment Manager, regarding the Annual Report and Accounts 2025-26. This report will outline changes to the guidance and the Code of Practice on Local Authority Accounting for 2025/26. Additionally, an update from the External Auditor is anticipated.

Whole Fund Valuation and Funding Strategy Statement

A significant item on the agenda is the Final 2025 Valuation Results and FSS, presented by Claire Machej. This report includes the Actuarial Valuation report as at 31 March 2025 and the fund's final Funding Strategy Statement (FSS). The FSS is a key document that sets out how the pension fund will manage its assets and liabilities to ensure it can meet its future pension obligations.

Lincolnshire Pension Fund Business Plan

The committee will consider the Lincolnshire Pension Fund - Business Plan for 2026-27, also presented by Jo Kempton. This plan outlines the objectives and activities for the fund over the coming year. It is accompanied by supporting documents including a three-year budget and narrative, and the LPF Business Plan 2026-27 appendix.

Lincolnshire Pension Fund Annual Policies Review

Jo Kempton will also present the Annual Fund Policy Review. This review is intended to refresh the committee's understanding of various policies and highlight any changes that have been made.

Pensions Administration Report

A report by Matt Mott, Head of Governance and Business Development (West Yorkshire Pension Fund), will provide an update on current administration issues for the period 1 October 2025 to 31 December 2025. This report is titled Pensions Administration Report and includes appendices detailing KPI tables, service centre staffing, and a shared service risk register.

Report from the Independent Chair of the Local Pension Board

George Graham, Independent Chair of the LGPS Local Pension Board, is scheduled to present a report updating the committee on the Pension Board's activities over the past few months. This report is titled Report by the Independent Chair of the Local Pension Board.

Cyber Security Training

A training session on Cyber Security, delivered by Elizabeth Boardall, Chief Technology, Projects and Communications Officer for the West Yorkshire Pension Fund, is also scheduled. This session is intended to provide training on cyber security matters.