Found: Interim Report, June 2026, chapter 5, summary 189 House of Commons Library Research Briefing, Pension Schemes Bill

Found: Interim Report, June 2026, chapter 5, summary 189 House of Commons Library Research Briefing, Pension Schemes Bill

Found: The recent passage of the Pension Schemes Bill prompted significant debate in Parliament around the

Found: boost investment and improve returns for savers, 29 May 2025; Department for Work & Pensions, Pension Schemes Bill

Found: Part of the Pension Schemes Bill, which I think was voted on last night or today, is reserving the right

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government what guidance they are providing to members of the local government pension scheme about non-financial considerations of responsible investments; and whether they plan to change the requirements for investment and divestment decisions relating to asset or country allocations and responsible investing.

Answered by Baroness Taylor of Stevenage - Parliamentary Under-Secretary (Housing, Communities and Local Government)

The government intends to publish updated guidance on preparing and maintaining an investment strategy statement later this spring, subject to the passage of the Pension Schemes Bill and regulations containing the relevant guidance making powers coming into force. This guidance will not be subject to formal public consultation but was shared for comment with all Local Government Pension Scheme (LGPS) administering authorities, asset pools, and the LGPS scheme advisory board alongside statutory consultation on the regulations.

LGPS administering authorities will be required to set an approach to responsible investment in their investment strategy. The guidance is expected to restate the existing position that when setting their investment strategy administering authorities must consider all factors, including environmental, social and governance factors, that are financially material to the performance of investments, and that non-financial factors can also be taken into account provided they do not risk significant financial detriment to the scheme and administering authorities have good reason to believe scheme members would support the decision.

As with now, neither legislation nor guidance will dictate asset allocations or levels of investment in specific geographies. However, administering authorities remain legally required to comply with UK sanctions, including restrictions on dealings with designated individuals, entities, and countries.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government whether they have finalised the updated local government pension scheme guidance on preparing and maintaining investment strategy statements; and if so, when they plan to publish that updated guidance.

Answered by Baroness Taylor of Stevenage - Parliamentary Under-Secretary (Housing, Communities and Local Government)

The government intends to publish updated guidance on preparing and maintaining an investment strategy statement later this spring, subject to the passage of the Pension Schemes Bill and regulations containing the relevant guidance making powers coming into force. This guidance will not be subject to formal public consultation but was shared for comment with all Local Government Pension Scheme (LGPS) administering authorities, asset pools, and the LGPS scheme advisory board alongside statutory consultation on the regulations.

LGPS administering authorities will be required to set an approach to responsible investment in their investment strategy. The guidance is expected to restate the existing position that when setting their investment strategy administering authorities must consider all factors, including environmental, social and governance factors, that are financially material to the performance of investments, and that non-financial factors can also be taken into account provided they do not risk significant financial detriment to the scheme and administering authorities have good reason to believe scheme members would support the decision.

As with now, neither legislation nor guidance will dictate asset allocations or levels of investment in specific geographies. However, administering authorities remain legally required to comply with UK sanctions, including restrictions on dealings with designated individuals, entities, and countries.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government whether they plan to hold a public consultation regarding changes to the local government pension scheme guidance on preparing and maintaining investment strategy statements.

Answered by Baroness Taylor of Stevenage - Parliamentary Under-Secretary (Housing, Communities and Local Government)

The government intends to publish updated guidance on preparing and maintaining an investment strategy statement later this spring, subject to the passage of the Pension Schemes Bill and regulations containing the relevant guidance making powers coming into force. This guidance will not be subject to formal public consultation but was shared for comment with all Local Government Pension Scheme (LGPS) administering authorities, asset pools, and the LGPS scheme advisory board alongside statutory consultation on the regulations.

LGPS administering authorities will be required to set an approach to responsible investment in their investment strategy. The guidance is expected to restate the existing position that when setting their investment strategy administering authorities must consider all factors, including environmental, social and governance factors, that are financially material to the performance of investments, and that non-financial factors can also be taken into account provided they do not risk significant financial detriment to the scheme and administering authorities have good reason to believe scheme members would support the decision.

As with now, neither legislation nor guidance will dictate asset allocations or levels of investment in specific geographies. However, administering authorities remain legally required to comply with UK sanctions, including restrictions on dealings with designated individuals, entities, and countries.

Found: member consent.143 139 For further information see Commons Library research briefing, Pension Schemes Bill

Found: Pensions Commission: Terms of reference’, 21 July 2025. 9 • House of Lords Library, ‘Pension Schemes Bill

Found: Lecture delivered by Chancellor Mansion House Speech Government exit from NatWest shareholding Pension Schemes Bill

Found: Lecture delivered by Chancellor Mansion House Speech Government exit from NatWest shareholding Pension Schemes Bill

Found: ="govuk-table__cell">Aviva

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: industry on the groundwork needed to facilitate these, following the launch of MoneyHelper. 27 Pension Schemes Bill

Found: industry on the groundwork needed to facilitate these, following the launch of MoneyHelper. 27 Pension Schemes Bill

Found: • The Pension Schemes Bill: Introduces wide-ranging reforms to private pensions.

Found: The Pension Schemes Bill currently before Parliament is seeking to improve returns and value for money

Found: The Pension Schemes Bill currently before Parliament is seeking to improve returns and value for money

Found: The Pension Schemes Bill contains the government’s package of legislative reforms to ensure Defined Contribution

Found: The government introduced the Pension Schemes Bill on 5 June 2025.

Found: The government introduced the Pension Schemes Bill on 5 June 2025.

Found: Taking forward recommendations from the Pension Investment Review’s final report, via the Pension Schemes Bill

Found: Taking forward recommendations from the Pension Investment Review’s final report, via the Pension Schemes Bill

Found: The Government has introduced the Pension Schemes Bill to unlock institutional investment and consolidate

Found: Pension Schemes Bill to receive Royal Assent, delivering major reform to the UK’s £2 trillion worth

Found: Security and Resilience (Network and Information Systems) Bill • Northern Ireland Troubles Bill • Pension Schemes Bill

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: The Board’s oversight of legislative changes in the Pension Schemes Bill received high ratings, as

Found: On 18 September 2025, the government published proposed amendments to the Pension Schemes Bill that

Found: The government has set out its intentions for value for money in DC schemes in the Pension Schemes Bill

Found: The government has set out its intentions for value for money in DC schemes in the Pension Schemes Bill

Found: The government has set out its intentions for value for money in DC schemes in the Pension Schemes Bill

Found: Taking forward recommendations from the Pension Investment Review’s final report, via the Pension Schemes Bill

Found: Taking forward recommendations from the Pension Investment Review’s final report, via the Pension Schemes Bill

Found: Pension Schemes Bill: Scale and Consolidation

Found: Amendments to the Pension Schemes Bill (private sector defined benefit transfers) (RPC14-HMT-2212):

Found: pots at retirement from consolidation alone – with further increases expected through the Pension Schemes Bill

Found: workplace-pensions-a-roadmap/workplace-pensions-a-roadmap https://www.gov.uk/government/publications/pension-schemes-bill-scale-and-consolidation

Found: transition to Capita, as discussed during Lords consideration of Commons amendments for the Pension Schemes Bill

Found: made by the provider, as discussed during Lords consideration of Commons amendments for the Pension Schemes Bill