Viscount Younger of Leckie: MHCLG: Written Answers (1)

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Written Question

Pension Funds: Local Government

Thursday 15th May 2025

Asked by: Viscount Younger of Leckie (Conservative - Excepted Hereditary)

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

To ask His Majesty's Government whether they will provide mayoral strategic authorities with clear guidance about what constitutes a suitable investment for pension funds, in accordance with regulatory requirements, when those authorities submit proposals to investment pools.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

The government intends to provide guidance in due course to strategic authorities and to Local Government Pension Scheme funds and asset pools, including on working together to increase local investment.