L

Lord Massey of Hampstead (Con)

Speaking in the House of Lords on 18 May 2026

Debate

Local Government Pension Fund

Contribution

My Lords, the draft guidance includes a paragraph 5.6, which allows schemes, in effect, to accept a lower rate of return for “ESG-related goals”. Does the Minister agree with me that there is a real danger that this could be used for political purposes, as has been mentioned before, as a mechanism to boycott and divest to the detriment of pensioners, despite the Government’s best intentions in this regard?

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