Local Government: Pensions

House of Lords written question – answered on 16th December 2014.

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Photo of Lord Mendelsohn Lord Mendelsohn Labour

To ask Her Majesty’s Government what the performance of active fund managers has been over the last six years in the 89 sub-funds of the Local Government Pension Scheme.

Photo of Lord Ahmad of Wimbledon Lord Ahmad of Wimbledon Parliamentary Under-Secretary (Department for Communities and Local Government)

The Department does not hold data on the performance of active fund managers working Local Government Pension Scheme funds.

The consultation Opportunities for collaboration, cost savings and efficiencies was developed using analysis provided to the Minister for the Cabinet Office and the Minister for Local Government using the Contestable Policy Fund. The analysis examined the investment returns of the Scheme as a whole in each of the major equity markets as well as for bonds and gilts. The evidence demonstrated that over the ten years to 31 March 2013, regardless of whether active or passive fund managers were used, the aggregate performance of the Scheme had been in line with each market index.

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

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