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

To ask His Majesty's Government whether established pooling arrangements for Welsh local government pension schemes via the Wales Public Sector Pension Partnership will be affected by any efforts to encourage or mandate the pooling of English local government pension funds.

The Government is currently consulting on proposals relating to asset pooling in the Local Government Pensions Scheme (LGPS) England and Wales. The consultation text can be found at Gov.uk: Local Government Pension Scheme (England and Wales): Fit for the future - GOV.UK.

The proposals in the consultation apply to both England and Wales. They would require the Wales Pension Partnership to make changes to their pooling model in order to meet the minimum standards for pooling, and for all LGPS assets to be under pool management. The consultation recognises that the Wales Pension Partnership operates within a devolved nation and that it may make sense for the Welsh LGPS administering authorities to continue to operate a separate asset pool.