The consultation Opportunities for collaboration, cost savings and efficiencies set out how the Local Government Pension Scheme could deliver annual savings of £660 million by reforming the way the funds make their investments. Advice commissioned by the Minister for the Cabinet Office and the Minister for Local Government using the Contestable Policy Fund was used to inform the consultation. Of the £660 million savings identified, the analysis showed that £420 million could be found by using passive, rather than active management of listed assets such as bonds and equities. Over 200 consultation responses were received and a Government response will be published early in 2015.
Both the consultation and supporting analysis are available at: https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies