Councillor Mark Clifford
Council: Lancashire
Committees:
Activity Timeline
Meetings Attended Note this may include planned future meetings.
7 meetings · Page 1 of 2
Pension Fund Committee - Friday, 20 March 2026 - 10.30 am
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.
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.
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.
Decisions from Meetings
18 decisions · Page 1 of 4
Minutes of the last meeting.
From: Pension Fund Committee - Friday, 23rd January, 2026 2.00 pm - January 23, 2026
Recommendations Approved
Valuation 2025 Key Parameters and Contribution rates
From: Pension Fund Committee - Friday, 23rd January, 2026 2.00 pm - January 23, 2026
...to approve recommendations regarding alternative key parameters for the funding strategy and their impact on Scheme Employer contribution rates.
Recommendations Approved
Investment Performance Update Report
From: Pension Fund Committee - Friday, 12th December, 2025 10.30 am - December 12, 2025
...to approve the recommendations presented in the Investment Performance Update Report, which provided an overview of investment matters, key themes, and the macro-economic outlook with headline performance.
Recommendations Approved
Dates for the next three meetings.
From: Pension Fund Committee - Friday, 12th December, 2025 10.30 am - December 12, 2025
Recommendations Approved
Appointment of an Independent Investment Adviser to the Pension Fund
From: Pension Fund Committee - Friday, 12th December, 2025 10.30 am - December 12, 2025
...to approve the recommendation for the appointment of an independent Investment Adviser to the Pension Fund, as Ms Marian George's contract was nearing its end.
Recommendations Approved
Summary
Meetings Attended: 7
Average per Month: 0.3
Decisions Recorded: 18