Councillor Liz Johnson

Council: Lancashire

Committees: Pension Fund Committee (Co-Optee Voting)

Activity Timeline

Meetings Attended Note this may include planned future meetings.

8 meetings · Page 1 of 2

Pension Fund Committee Co-Optee Voting

Pension Fund Committee - Friday, 20th March, 2026 10.30 am

March 20, 2026, 10:30 am
Pension Fund Committee Co-Optee Voting

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 resolved to note the progress of the demerger, approve a dividend in specie to facilitate the process, and delegate authority for its implementation. They also recommended that Full Council approve the demerger and related steps.

February 20, 2026, 10:30 am
Pension Fund Committee Co-Optee Voting

Pension Fund Committee - Friday, 23rd January, 2026 2.00 pm

The Pension Fund Committee of Lancashire Council met on Friday 23 January 2026 and decided to set the funding buffer for the pension fund at 115%, with a 20-year surplus repayment period. This decision was made after extensive debate regarding the appropriate level of prudence to balance employer affordability with the long-term stability and solvency of the fund.

January 23, 2026, 2:00 pm
Pension Fund Committee Co-Optee Voting

Pension Fund Committee - Friday, 12th December, 2025 10.30 am

The Lancashire County Council Pension Fund Committee was scheduled to meet on 12 December 2025 to discuss pension-related training for committee members, budget monitoring for the 2025/26 financial year, and responsible investment activity. Also on the agenda was an update on the Funding Strategy Statement consultation, and the Local Pensions Partnership Annual Report and Accounts for 2024/25. Some items, including updates on the Lancashire County Pension Fund (LCPF) Strategic Plan 2024/25, Local Pensions Partnership Administration (LPPA), risk register, shareholder and investment performance, and the appointment of an independent investment advisor, were scheduled to be discussed in Part II of the meeting, which was not open to the press or public.

December 12, 2025
Pension Fund Committee Co-Optee Voting

Pension Fund Committee - Friday, 19th September, 2025 10.30 am

The Lancashire County Council Pension Fund Committee met to discuss responsible investment, review the draft funding strategy statement, and address an urgent matter regarding the McCloud remedy[^2] and reporting requirements. The committee also reviewed pension-related training for its members and the Pension Fund Annual Report 2024/25.

September 19, 2025

Decisions from Meetings

58 decisions · Page 8 of 12

Environmental Opportunities

From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025

...to determine the proposal for the Environmental Opportunities Fund based on the Investment Panel's recommendation.

For Determination

External Audit Findings Report 2023-24

From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025

...to review the external auditor's findings regarding the audit of the Lancashire County Pension Fund's annual accounts for the year ended 31 March 2024, as detailed in Appendix A of the report.

For Determination

Minutes of the last meeting.

From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025

...the recommendations presented to the committee were approved.

Recommendations Approved

Inter Valuation Contributions Review.

From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025

...to reflect the Department for Education's guarantee introduced in November 2024, the committee approved revised contribution rates for Further Education colleges, effective from that date, reclassifying them as lower-risk employers and authorizing refunds for any overpaid contributions.

For Determination

Summary

Meetings Attended: 8

Average per Month: 0.4

Decisions Recorded: 58