The Board commissioned high-level advice from the legal firm Burges Salmon to help administering authorities consider practical ways of working that were consistent with the government’s Fit for the Future proposals on pooling while managing conflicts of interest. We asked that the legal advice consider the different pooling governance models currently being operated by LGPS pools and wider practice in comparable schemes. It is intended that this will help inform the development of wider pooling governance guidance that might be issued, in so far as that addresses the issue of conflicts of interest. The advice has now been received and has also been seen and discussed by the Board and its Investment Committee.