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821525
registered interest false more like this
date less than 2018-01-12more like thismore than 2018-01-12
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Local Government Pension Scheme remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government, when he plans to publish the evidence used to calculate the minimum threshold for pooling assets under the local government pension scheme. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 122443 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-17more like thismore than 2018-01-17
answer text <p>The Government 's expectations for the minimum threshold for the pooling assets under the local government pension scheme, and a summary of the evidence taken into account when setting that threshold, are set out in the 'Local Government Pension Scheme: Investment reform criteria and guidance' (November 2015).</p> more like this
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
question first answered
less than 2018-01-17T16:59:07.59Zmore like thismore than 2018-01-17T16:59:07.59Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
4397
label Biography information for Peter Dowd more like this
821526
registered interest false more like this
date less than 2018-01-12more like thismore than 2018-01-12
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Local Government Pension Scheme remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government for what reasons the scale criteria of £25 billion for pooling local government pension scheme assets has been dropped; and what evidence was used to inform the lowering of that threshold. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 122444 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-17more like thismore than 2018-01-17
answer text <p>The Government continues to believe that investment pools of at least £25 billion are required to deliver the full potential for reduced costs in the local government pension scheme. However, the Government has accepted that the Welsh pool, established by, and for the Welsh pension funds, is in a special position, taking account of the possibility of eventual devolution.</p> more like this
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
question first answered
less than 2018-01-17T16:55:06.55Zmore like thismore than 2018-01-17T16:55:06.55Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
4397
label Biography information for Peter Dowd more like this
821527
registered interest false more like this
date less than 2018-01-12more like thismore than 2018-01-12
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Local Government Pension Scheme remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government what the cost to the public purse of establishing each local government pension scheme pool has been to date; and what costs to the public purse his Department has forecast for each local government pension scheme pool in each year until 2020. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 122445 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-17more like thismore than 2018-01-17
answer text <p>The final proposals for the development of the pools in July 2016 estimated set up costs excluding transition of assets of around £20 million, and initial running costs of around £11 million per annum, in order to achieve estimated total net savings of £1-2 billion by 2033. The costs of establishing each pool in the local government pension scheme, and future costs, will be met by the participating funds and will be published in the annual reports of the pools.</p> more like this
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
question first answered
less than 2018-01-17T16:56:18.757Zmore like thismore than 2018-01-17T16:56:18.757Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
4397
label Biography information for Peter Dowd more like this