The Lancashire County Pension Fund is part of the Local Government Pension Scheme (LGPS).
The LGPS is established by statute and its purpose is to provide death and retirement benefits for all eligible employees.
The Fund covers the county of Lancashire, and consequently Lancashire County Council is the administering authority. The Fund provides pensions for numerous public sector employers as well as many other eligible employers admitted into the Fund.
Recent legislative changes required funds to pool investments to seek to benefit from economies of scale. As such a company by the name of Local Pensions Partnership Investments Ltd (LPPI) provide pooled investment services to Lancashire County Pension Fund.
Local Pensions Partnership Administration Ltd (LPPA) provide administration services with the exception of the Employer Risk provision.
The Employer Risk provision is carried out in-house by the Pension Fund Team.
See Key Statistics for all the current information on Investments and Members.