LPFA publishes 2020-2021 Annual Report

We are delighted to publish our 2020-2021 Annual Report. Our pension fund had a balance sheet value of £6.9bn as at 31 March 2021 and we are responsible for the pension provision of 91,675 members. Of these, 20,115 are employees working for not-for-profit, charity, private sector and local government employers, 35,963 are pensioners and dependants, 6,700 are undecided leavers and Frozen refunds, and 28,897 are deferred beneficiaries. We formed a pensions partnership with the Lancashire County Council (LCC) in April 2016. The resulting entity, Local Pensions Partnership Ltd (LPP), now manages the pension fund’s assets and pension administration on our behalf. This is done through LPP Investments (LPPI) and LPP Administration (LPPA). We retain strategic oversight of the pension fund but the implementation of our strategy is outsourced to LPP.

The full document can be found in our Annual reports section.