B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 18 May 2026

Debate

Local Government Pension Fund

Contribution

The Fit for the Future reforms do not seek to undermine the fiduciary duty of local pension funds in any way. The responsibility to set investment strategies—the key driver of investment returns—remains with the funds, making sure that they retain local accountability. New LGPS regulations will continue to require administering authorities to include preferences on environmental, social and governance factors in their investment strategies.

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Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

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