Councillor County Prof. Michael Lavalette

...to approve the appointment of County Councillor Joel Tetlow as Chair of the Pension Fund Committee in place of County Councillor David Shaw, and to appoint County Councillors David Shaw and Andy Blake as the Chair and Deputy Chair respectively of the Budget and Finance Scrutiny Committee, for the remainder of the 2025/26 municipal year.

...to approve the revised Members' Allowance Scheme for 2025/26, including a 3.2% uplift to the Basic Allowance and adjustments to Special Responsibility Allowances, Chairman/Vice-Chairman Allowances, and Dependents' Carers' Allowance, as recommended by the Independent Remuneration Panel.

...to note the report of the Pension Fund Committee from its meeting held on 19 September 2025, which included approvals for the draft Lancashire County Pension Fund Annual Report 2024/25, the updated Governance Compliance Statement, and the draft Funding Strategy Statement for consultation, as well as noting updates on training, responsible investments, the McCloud regulatory decision, internal audit assurance, pensions administration performance, cyber security, the Local Pensions Partnership, investment performance, the Investment Panel, and recommending the contract extension for the independent Chair of the Lancashire Local Pension Board.

...to consider and approve the recommendations within the Overview and Scrutiny Annual Report for 2024/25, which summarized the activities, findings, impacts, and contributions of the scrutiny committees to the council's corporate priorities.

...to note the performance and state of the Lancashire County Pension Fund and investment activities for the year ended 31 March 2025, as detailed in the Lancashire County Pension Fund Annual Report.