Written Question·Ministry of Housing, Communities and Local Government·UIN 6384
Local Government Pension Scheme: Offshore Industry
Tabled: 4 October 2024
Answered: 14 October 2024
Question
Mrs Kemi Badenoch
Conservative — North West Essex
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential implications for her policies of local authorities divesting their Local Government Pension Scheme assets from the oil and gas indus
Answer
Jim McMahonLocal Government Pension Scheme (LGPS) administering authorities are responsible for setting the investment strategy of their pension funds. Authorities must take investment decisions in the interests of their members and for the purpose of paying benefit...
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