Asked by: Baroness Stedman-Scott (Conservative - Life peer)
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government whether participating employers in the Local Government Pension Scheme are permitted to hold separate notional investment strategies within their administering authority’s pension fund; and, if not, whether administering authorities have any discretion to apply differentiated investment approaches or notional asset allocations for individual employers as part of their Funding Strategy Statements or Investment Strategy Statements.
Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)
It is for administering authorities to set an investment strategy for their fund. Relevant legislation, regulations and guidance does not preclude a fund from setting a different strategy for different employers.