The Board has now received Nigel Giffin KC’s updated opinion on the fiduciary duty in the context of the LGPS – which is intended as a review of and update to Nigel’s 2014 advice and is entitled “ Local Government Pension Scheme: Investments and Non-Financial Considerations”. It is being published today in order to give some time for funds and pools to consider the content ahead of the closure of the government’s Fit For the Future consultation on 16 January 2025.

The Secretariat will now consider whether any further advice on specific points would be helpful and will work with funds to ensure instructions cover the pertinent questions and elements of most interest