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631760

registered interest
date	08/11/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what recent estimates he has made of the variations in the performance of local government pension schemes for the beneficiaries of such schemes.
tabling member constituency	Hertford and Stortford
tabling member printed	Mr Mark Prisk
uin	52258
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Local government pension scheme benefits are guaranteed by statute and are not directly affected by the performance of individual funds within the scheme.</p><p>The most recent data on the income and expenditure of individual funds, including investment income and investment management expenses, are at:</p><p><a href="https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016" target="_blank">https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016</a></p><p /><p><br></p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 14/11/2016 15:01:45 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	1424 label Biography information for Mr Mark Prisk

631083

registered interest
date	07/11/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what steps his Department has taken to encourage more local government pension schemes to be managed jointly.
tabling member constituency	Hertford and Stortford
tabling member printed	Mr Mark Prisk
uin	51989
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>The most recent data on local government pension scheme costs are at: <a href="https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016" target="_blank">https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016</a><br> <br>The Project POOL report prepared for a number of local authorities by Hymans Robertson estimated in January 2016 that annual savings from pooling investments in the scheme could reach £200-300 million in ten years.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones grouped question UIN 51990 question first answered 14/11/2016 15:09:03 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	1424 label Biography information for Mr Mark Prisk

631084

registered interest
date	07/11/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what estimate he has made of the administrative costs arising from the separate operation of 99 local government pension schemes.
tabling member constituency	Hertford and Stortford
tabling member printed	Mr Mark Prisk
uin	51990
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>The most recent data on local government pension scheme costs are at: <a href="https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016" target="_blank">https://www.gov.uk/government/statistics/local-government-pension-scheme-funds-for-england-2015-to-2016</a><br> <br>The Project POOL report prepared for a number of local authorities by Hymans Robertson estimated in January 2016 that annual savings from pooling investments in the scheme could reach £200-300 million in ten years.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones grouped question UIN 51989 question first answered 14/11/2016 15:09:03 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	1424 label Biography information for Mr Mark Prisk

598398

registered interest
date	10/10/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what recent representations he has received on reform of the Local Government Pensions Scheme; and if he will make a statement.
tabling member constituency	Harrow West
tabling member printed	Gareth Thomas
uin	47874
answer	answer is ministerial correction date of answer 13/10/2016 answer text <p>We have received a large number of recent representations about the power of intervention in the investment regulations currently before the House. Under the new regulations, administering authorities are significantly more responsible and accountable for their investment decisions. They will no longer be constrained by central prescription on how their assets are invested, provided they act reasonably within the framework provided by the regulations and guidance.</p><p>The power of intervention has been included in the regulations as a backstop in order to protect around £200 billion of funds in the local government pension scheme, in the rare circumstances where it might be necessary to do so. As set out in the Government response to consultation the regulations include a number of safeguards, including full consultation with the relevant authority, to ensure that the power is used appropriately and proportionately. We have made clear that the intervention power will be used sparingly and only where fully justified.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 13/10/2016 16:18:04 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	177 label Biography information for Gareth Thomas

581954

registered interest
date	12/09/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, when he plans to publish his Department's response to the consultation on the Local Government Pension Scheme: investment regulations; and what steps he is taking to ensure full parliamentary scrutiny of any resulting proposals.
tabling member constituency	Birmingham, Northfield
tabling member printed	Richard Burden
uin	46065
answer	answer is ministerial correction date of answer 19/09/2016 answer text <p>The government’s response to the consultation will be published in due course.</p><p>The regulations will be made according to the negative resolution procedure as required by the Public Service Pensions Act 2013. The instrument will be scrutinised by the Joint Committee on Statutory Instruments and the Secondary Legislation Scrutiny Committee and may be subject to additional scrutiny in either House in accordance with the procedures applicable to all negative resolution statutory instruments.</p><p> </p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 19/09/2016 14:16:38 answering member 4024 label Biography information for Mr Marcus Jones previous answer version 11838 answering member constituency Nuneaton answering member printed Mr Marcus Jones answering member 4024 label Biography information for Mr Marcus Jones
tabling member	301 label Biography information for Richard Burden

540972

registered interest
date	20/07/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, if he will review the powers of local authority pensions schemes to indirectly invest in companies linked with the manufacture of cluster munitions.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	43618
answer	answer is ministerial correction date of answer 05/09/2016 answer text <p>Investment decisions in the local government pension scheme are the responsibility of the 90 designated administering authorities in England and Wales and must be taken on the basis of expert advice and in compliance with the Scheme’s regulatory framework. Since 2000, pension fund authorities have been required to publish a statement of investment principles, including their policy on the extent to which social, environmental or ethical considerations are to be taken into account in the selection, retention and realisation of investments. The regulations also require that each statement is published locally.</p><p>We have no immediate plans to change these existing obligations, but will keep them under review.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones grouped question UIN 43617 question first answered 05/09/2016 16:13:30 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	308 label Biography information for Mr Jim Cunningham

541120

registered interest
date	20/07/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, if he will publish guidance for local authority pension schemes on investment in arms companies producing banned munitions; and if he will make a statement.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	43617
answer	answer is ministerial correction date of answer 05/09/2016 answer text <p>Investment decisions in the local government pension scheme are the responsibility of the 90 designated administering authorities in England and Wales and must be taken on the basis of expert advice and in compliance with the Scheme’s regulatory framework. Since 2000, pension fund authorities have been required to publish a statement of investment principles, including their policy on the extent to which social, environmental or ethical considerations are to be taken into account in the selection, retention and realisation of investments. The regulations also require that each statement is published locally.</p><p>We have no immediate plans to change these existing obligations, but will keep them under review.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones grouped question UIN 43618 question first answered 05/09/2016 16:13:30 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	308 label Biography information for Mr Jim Cunningham

528552

registered interest
date	24/06/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, in what circumstances he plans to exercise his power to issue a directive to a local government pension scheme on the investment of their funds.
tabling member constituency	Newcastle upon Tyne East
tabling member printed	Mr Nicholas Brown
uin	41150
answer	answer is ministerial correction date of answer 04/07/2016 answer text <p>The draft regulations published for consultation in November proposed that the power of intervention may be exercised in cases where, on the basis of evidence and after consultation with relevant bodies, we believe that an administering authority is failing to act in accordance with any guidance issued under the draft regulations. For example, the power could be used where an administering authority did not follow the guidance and criteria on pooling of assets, also published in November.</p><p>No final decision has been taken on the draft regulations. The Govenrment's response to the consultation will be published shortly.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 04/07/2016 15:57:14 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	523 label Biography information for Mr Nicholas Brown

518924

registered interest
date	18/05/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what mechanisms are in place to ensure that the pensions of people enrolled in pooled local government pension schemes are safeguarded in the event of a failed infrastructure project that received investment from that fund.
tabling member constituency	Chesterfield
tabling member printed	Toby Perkins
uin	37032
answer	answer is ministerial correction date of answer 24/05/2016 answer text <p>Local government pension scheme benefits are set out in statute and are not linked to the investment performance of funds. However, those responsible for investment decisions should have regard to the need to achieve an appropriate balance between risk and return and act in the best interests of scheme members and local taxpayers.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 24/05/2016 13:40:27 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	3952 label Biography information for Mr Toby Perkins

515242

registered interest
date	25/04/2016
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what further steps he plans to take to ensure that local government pension scheme members are consulted on proposed guidance on the ability of local government to account for non-financial factors in pension scheme investment decisions; and what steps he plans to take to ensure that that proposed guidance will be subject to parliamentary scrutiny.
tabling member constituency	Sheffield South East
tabling member printed	Mr Clive Betts
uin	35272
answer	answer is ministerial correction date of answer 28/04/2016 answer text <p>The Government’s response to the consultation, which will set out our next steps in relation to these issues, will be published shortly.</p> answering member constituency Nuneaton answering member printed Mr Marcus Jones grouped question UIN 35271 question first answered 28/04/2016 09:41:25 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	394 label Biography information for Mr Clive Betts