Written Question·Ministry of Housing, Communities and Local Government·UIN 32341
Local Government Pension Scheme
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Pippa Heylings
Liberal Democrat — South Cambridgeshire
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the Local Government Pension Scheme on levels of economic growth in local communities.
Answer
Jim McMahonThe Local Government Pension Scheme (LGPS) already invests approximately 30% of its assets in the UK, as part of its duty to invest to pay pensions. The government believes that the LGPS can make a distinctive contribution to local economic growth buildin...
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