The Board is pleased to be able to publish this statement, which it agreed was necessary at its July 2024 meeting to address the current situation whereby administering authorities are dealing with increasing queries about how LGPS funds are invested. The Board hopes that the statement is helpful to pension committee and board members, as well as LGPS officers, advisers, scheme members and others involved in lobbying activity. It has been drafted with input from members of the Board, its committees and working groups, to whom the Board is grateful for their time and support.