Cllr M Smith
Council: Lancashire
Committees:
Activity Timeline
Meetings Attended Note this may include planned future meetings.
10 meetings · Page 1 of 2
Pension Fund Committee - Friday, 23rd January, 2026 2.00 pm
The Pension Fund Committee of Lancashire County Council met on Friday, 23rd January 2026, to discuss key parameters for the 2025 valuation of the pension fund. The committee ultimately resolved to approve a funding strategy statement with a 115% funding buffer and a 20-year recovery period, resulting in a provisional average employer contribution rate of 9.1%.
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.
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.
Pension Fund Committee - Friday, 20th June, 2025 10.30 am
The Lancashire County Council Pension Fund Committee met on 20 June 2025, and approved the updated training plan for 2025/26. The committee also noted the financial performance of the fund for the year ending 31 March 2025, and received updates on external audit activity and responsible investment matters.
Decisions from Meetings
70 decisions · Page 9 of 14
Local Pensions Partnership Administration Update
From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025
...to determine the appropriate action following an update on the Local Pensions Partnership's administration performance for Q3 of 2024/25.
For Determination
Responsible Investment Task and Finish Group
From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025
... the committee approved the draft Responsible Investment Policy and the Implementation Plan for the activity required under the draft Taskforce on Climate-related Financial Disclosures (TCFD) Regulations.
For Determination
Annual Breaches Report
From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025
...to determine the appropriate action regarding the Annual Breaches Report, which updated the committee on LCPF breaches occurring between January 1, 2024, and December 31, 2024.
For Determination
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
Local Pensions Partnership Limited Budget 2025/26 and Strategic Updates
From: Pension Fund Committee - Friday, 7th March, 2025 10.30 am - March 07, 2025
...to approve the Local Pensions Partnership Limited Annual Budget for 2025/26, discuss a proposal on the growth of the Local Pensions Partnership Administration business, and review the outcomes of a legal analysis on administration agreements, including risk mitigation recommendations.
For Determination
Summary
Meetings Attended: 10
Average per Month: 0.4
Decisions Recorded: 70