LGPS responds to call for evidence for the Pensions Investment Review

Article summary

The Scheme Advisory Board (SAB) of the Local Government Pension Scheme (LGPS) in England and Wales has published its submission to the call for evidence on the government’s Pensions Investment Review which ran between 4 - 25 September 2024. SAB’s submission covers questions on LGPS asset pooling, government intervention to encourage pension schemes to widen asset classes, LGPS consolidation to increase investment in UK assets and government incentivisation. SAB said that it has had meetings with the Local Government Minister, Jim McMahon, and the Pensions Minister leading the review, Emma Reynolds.  The government has reassured SAB that there will be extensive engagement with it and other stakeholders beyond the call for evidence itself.