Councillor Liz Johnson
Activity Timeline
Meetings Attended Note this may include planned future meetings.
8 meetings · Page 1 of 2
Pension Fund Committee - Friday, 20 March 2026 - 10.30 am
The Pension Fund Committee of Lancashire Council met on Friday 20 March 2026 to discuss the fund's strategic plan, budget, and governance arrangements. Key decisions included the approval of the Lancashire County Pension Fund Strategic Plan for 2026-29 and its associated budget for 2026/27, alongside the revised Funding Strategy Statement. The committee also approved changes to governance arrangements in line with the 'Fit for the Future' programme, including the recruitment of a new Independent Advisor.
Pension Fund Committee - Friday, 20th February, 2026 10.30 am
The Pension Fund Committee of Lancashire County Council met on Friday, 20th February, 2026, to discuss the proposed demerger of Local Pensions Partnership Investments Limited (LPPI) and the admission of new partner funds. The committee approved a dividend in specie to facilitate this demerger and recommended that Full Council also approve the demerger and related steps.
Pension Fund Committee - Friday, 23rd January, 2026 2.00 pm
The Pension Fund Committee of Lancashire County Council met on Friday, 23 January 2026, to discuss and decide on key parameters for the 2025 valuation of the pension fund. The committee ultimately resolved to approve a funding buffer of 115% with a 20-year surplus repayment period, which will result in a provisional average employer contribution rate of 9.1% from April 2026.
Pension Fund Committee - Friday, 12th December, 2025 10.30 am
The Pension Fund Committee of Lancashire County Council met on Friday, 12th December 2025, to discuss pension-related training, budget monitoring, responsible investments, and the update on the Funding Strategy Statement consultation. Key decisions included the deferral of the Funding Strategy Statement decision to a January meeting to allow for further analysis of contribution rate options, and the approval of the Local Pensions Partnership Annual Report and Accounts for 2024/25.
Pension Fund Committee - Friday, 19th September, 2025 10.30 am
The Pension Fund Committee of Lancashire Council met on Friday 19 September 2025 to discuss the draft Funding Strategy Statement, review responsible investment activities, and address an urgent decision regarding the McCloud Remedy. The committee decided to consult on the draft Funding Strategy Statement, noting that it incorporates updated guidance and combines previous policy documents into a single statement. They also noted an urgent decision to exclude the McCloud Remedy underpin value from certain members' 2024/25 Annual Benefit Statements and that no breach of law report would be submitted to The Pensions Regulator.
Decisions from Meetings
75 decisions · Page 1 of 15
Pension related training, 2025/26 Training Record and Training Plan 2026/27
From: Pension Fund Committee - Friday, 20 March 2026 - 10.30 am - March 20, 2026
The Pension Fund Committee approved the Training Plan for 2026/27. The committee reviewed the 2025/26 training record and provided feedback. The plan includes online self-learning modules, bespoke workshops, and external training.
Recommendations Approved
Local Pensions Partnership Limited - Shareholder Update
From: Pension Fund Committee - Friday, 20 March 2026 - 10.30 am - March 20, 2026
Lancashire Pension Fund Committee approved recommendations on 20/03/2026. The committee considered and commented on the Local Pensions Partnership Limited Shareholder Update.
Recommendations Approved
Minutes of the last meeting.
From: Pension Fund Committee - Friday, 20 March 2026 - 10.30 am - March 20, 2026
The Pension Fund Committee of Lancashire Council approved recommendations regarding the demerger of Local Pensions Partnership Investments Limited (LPPI) from Local Pensions Partnership Limited (LPPL) on 20 February 2026. The committee delegated authority to the Director of Finance and Commerce to implement a dividend in specie to facilitate the demerger.
Recommendations Approved
Pension Administration Performance Update
From: Pension Fund Committee - Friday, 20 March 2026 - 10.30 am - March 20, 2026
The Pension Fund Committee approved the recommendations regarding pension administration performance. The committee noted that Service Level Agreements have been met. The report covered the period from 1 October 2025 to 31 December 2025.
Recommendations Approved
Review of Funding Strategy Statement
From: Pension Fund Committee - Friday, 20 March 2026 - 10.30 am - March 20, 2026
The Pension Fund Committee of Lancashire Council approved the revised Funding Strategy Statement on 20 March 2026. The committee agreed to a funding buffer of 115%, a recovery period of 20 years, and specific discount rates for past and future service.
Recommendations Approved
Summary
- Meetings attended
- 8
- Average per month
- 0.4
- Decisions recorded Not all decisions are recorded, so this may significantly underestimate the number of decisions actually made.
- 75