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821539

registered interest
date	12/01/2018
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Local Government: Pension Funds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what his policy is on local government pension funds being used to invest in fossil fuels; and if he will make a statement.
tabling member constituency	Denton and Reddish
tabling member printed	Andrew Gwynne
uin	122457
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>The government does not prescribe centrally where local government pension funds should invest their assets. Funds are responsible and accountable for their own decisions, provided that they act reasonably and follow the Local Government Pension Scheme Investment Regulations 2016 and associated guidance. <br> <br> Local government pension funds should make the pursuit of a financial return their predominant concern but they may also take into account purely non-financial considerations provided that doing so would not involve a significant risk of financial detriment and they have good reason to believe that scheme members would support their decision. <br> <br> Funds are required to set out their policy on how environmental, social or corporate governance concerns are taken into account in their Investment Strategy Statement. The Regulations also require this statement to be published and kept under review.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 22/01/2018 16:55:52 answering member 4483 label Biography information for Rishi Sunak
tabling member	1506 label Biography information for Andrew Gwynne

800947

registered interest
date	05/12/2017
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: Pension Funds
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 he is taking to ensure that local government pension funds can invest in areas such as new build shared ownership.
tabling member constituency	Harborough
tabling member printed	Neil O'Brien
uin	117506
answer	answer is ministerial correction date of answer 18/12/2017 answer text <p>Under the Investment Regulations 2016, administering authorities in the Local Government Pension Scheme are no longer constrained by central prescription on how their assets are invested provided investments are in the best interests of scheme members. They now have much greater freedom to invest, subject to local democratic control and appropriate safeguards, and significant investment in new housing has already been made.</p><p>Our Housing White Paper encourages further investment more widely in housing, including shared ownership, through creating a stable financial environment in which to invest.</p><p>As a result, pension schemes are increasingly regarding housing as an appropriate investment. The pooling of local government pension funds will increase opportunities for their assets to be used to support infrastructure projects, including housing. This could generate promising returns for scheme members while maintaining value for money for national and local taxpayers.</p> answering member constituency Reading West answering member printed Alok Sharma question first answered 18/12/2017 11:53:55 answering member 4014 label Biography information for Sir Alok Sharma
tabling member	4679 label Biography information for Neil O'Brien

595437

registered interest
date	07/10/2016
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: Pension Funds
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 make available to the hon. Member for Easington, in electronic form, (a) all Local Government Pension Scheme pooling bids and (b) the investment cost data provided by CEM Benchmarking which have been used to calculate investment costs under each fund and that underpin each bid in each of the last three years.
tabling member constituency	Easington
tabling member printed	Grahame Morris
uin	46997
answer	answer is ministerial correction date of answer 12/10/2016 answer text <p>I will place copies of the final proposals on local government pension scheme pooling in the Library of the House.</p><p>Investment cost data was provided by CEM Benchmarking to the individual administering authorities and is not held by my Department.</p><p> </p> answering member constituency Nuneaton answering member printed Mr Marcus Jones question first answered 12/10/2016 14:35:34 answering member 4024 label Biography information for Mr Marcus Jones
tabling member	3973 label Biography information for Grahame Morris