Local Government Pension Scheme (England and Wales): Fit for the future

Following the Chancellor’s Mansion House Speech in November, the Ministry for Department for Levelling Up, Housing and Communities (DLUHC) published a consultation with proposals on pooling, local investments and governance for LGPS Funds in England and Wales. 

The consultation includes various recommendations in relation to the three key areas that the Government is focusing on in relation to LGPS Funds:  

• How to increase scale of pools and accelerate the transition of assets  
• Increase collaboration between Funds, pools and combined authorities on local investments 
• Introducing new governance requirements for Funds and pools. 

Based on feedback from our members, the PLSA’s submission provides responses to the questions posed by MHCLG in the consultation.