Daniel Zeichner – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Daniel Zeichner on 2016-02-08.

To ask the Secretary of State for Communities and Local Government, if he will ensure that all proposed Local Government Pension Scheme asset pool governance structures have an equal number of scheme member representatives.

Mr Marcus Jones

The governance structures of the new pooling arrangements are matters to be determined locally and submitted as part of the detailed proposals we have asked funds to submit by 19 July.

The pool governance structures should provide funds with the assurance that their investments are being managed appropriately by the pool, in line with their stated investment strategy and in the long term interests of scheme members.