Local government pension scheme: investment reform criteria and guidance
This document sets out the criteria the local government pension scheme should meet when developing proposals for pooling assets.
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The government has invited local government pension scheme administering authorities to come forward with proposals to invest their assets through pools of at least £25 billion to achieve cost savings and the benefits of scale.
Asset pooling will also enable administering authorities to improve their capacity and capability to invest in large scale infrastructure projects. The authorities’ proposals will be assessed against the criteria set out in this guidance.
To help authorities develop proposals efficiently, the government provides technical analysis by PricewaterhouseCoopers about the different collective investment vehicles and their tax arrangements. This paper is provided for information only. It does not represent the view of government and authorities should seek professional advice as needed when developing their proposals