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Local Government: Pensions

Communities and Local Government written question – answered on 11th March 2009.

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Photo of Stewart Jackson Stewart Jackson Shadow Minister (Communities and Local Government)

To ask the Secretary of State for Communities and Local Government what representations she has received from the Chartered Institute of Public Finance and Accountancy on amendments to the Local Government Pension Scheme rules to allow greater discretion to local authority investment managers; and if she will make a statement.

Photo of John Healey John Healey Minister of State (Department of Communities and Local Government) (Local Government)

A copy of CIPFA's report "Local Government Pension Scheme Investment Regulations: Options for Change" was submitted to the Department on 27 January. The report will be treated as a response to the current statutory consultation exercise on the consolidation of the scheme's investment regulations, which is due to close on 3 April 2009.

We will consider its recommendations carefully.

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