Local Government Minister sends letter to all LGPS funds in England
The Scheme Advisory Board understands that the Minister, Simon Hoare MP, has today written to all Pension Committee Chairs and administering authority section 151 officers in England asking that they respond by July 19 setting out their responses to a number of questions. The questions relate to the completion of pension asset pooling by the March 2025 deadline, as well as to how funds ensure that they are run efficiently, with appropriate governance structures in place. Funds are specifically asked whether they could achieve long-term savings and efficiencies if they were to become part of a larger fund through merger or creation of a larger pensions authority. Funds' responses do not need to be more than two pages in length.
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