Consultation outcome

Local government pension scheme: investment regulations

This consultation has concluded

Download the full outcome

Revoking and replacing the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009: government response

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Detail of outcome

This document summarises the responses to the consultation and sets out the next steps on implementing the new investment regulations and associated guidance.

Original consultation

Summary

This consultation proposes to revoke and replace the regulations that currently govern the management and investment of funds in the local government pension scheme.

This consultation ran from
to

Consultation description

This consultation proposes to revoke and replace the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009.

The proposals include:

  • removing some of the existing prescriptive means of ensuring that investments are suitably diverse - instead make authorities responsible for determining the balance of their investments and taking account of risk
  • introducing safeguards to ensure that the more flexible legislation being discussed is used appropriately
  • guidance on pooling assets is followed

See the guidance on pooling assets.

Documents

Revoking and replacing the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009: consultation

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The draft Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016

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Published 25 November 2015
Last updated 27 September 2016 + show all updates
  1. Government response added.
  2. First published.