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168449

registered interest
date	08/12/2014
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their estimate of the current level of the Local Government Pension Scheme deficit.
tabling member printed	Lord Mendelsohn
uin	HL3479
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Scheme conducts an actuarial valuation every three years. The 2013 valuation estimated that the Local Government Pension Scheme in England and Wales had a funding level of 79% and a deficit of £47 billion.</p><p> </p><p>The shadow Scheme Advisory Board has also brought together the funds’ triennial valuation reports to provide a view of the Scheme’s overall position (<a href="http://www.lgpsboard.org/index.php/schemedata/scheme-valuation" target="_blank">http://www.lgpsboard.org/index.php/schemedata/scheme-valuation</a>). The Government has asked the shadow Board to identify and assess alternative ways to address the deficit and looks forward to receiving their proposals.</p><p> </p><p>In addition, the Government introduced a reformed Local Government Pension Scheme from 1 April 2014, which will help the funds to reduce this deficit and ensure the scheme remains affordable in the long term and fair to both scheme members and taxpayers. Furthermore, the Government’s consultation <em>Opportunities for collaboration, cost savings and efficiencies</em> set out how the funds could reduce their investment costs by a further £660 million each year by working together and investing more efficiently.</p><p> </p><p>The consultation is available at: <a href="https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies" target="_blank">https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies</a></p> answering member printed Lord Ahmad of Wimbledon question first answered 16/12/2014 13:21:43 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	4286 label Biography information for Lord Mendelsohn

168450

registered interest
date	08/12/2014
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they estimate that savings could be made to the administration of the Local Government Pension Scheme and the operation of its sub-funds if the management of the funds were moved from active managers to tracker funds; and if so, to what extent.
tabling member printed	Lord Mendelsohn
uin	HL3480
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The consultation <em>Opportunities for collaboration, cost savings and efficiencies </em>set out how the Local Government Pension Scheme could deliver annual savings of £660 million by reforming the way the funds make their investments. Advice commissioned by the Minister for the Cabinet Office and the Minister for Local Government using the Contestable Policy Fund was used to inform the consultation. Of the £660 million savings identified, the analysis showed that £420 million could be found by using passive, rather than active management of listed assets such as bonds and equities. Over 200 consultation responses were received and a Government response will be published early in 2015.</p><p> </p><p>Both the consultation and supporting analysis are available at: <a href="https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies" target="_blank">https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies</a></p> answering member printed Lord Ahmad of Wimbledon question first answered 16/12/2014 13:20:28 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	4286 label Biography information for Lord Mendelsohn

168451

registered interest
date	08/12/2014
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what the performance of active fund managers has been over the last six years in the 89 sub-funds of the Local Government Pension Scheme.
tabling member printed	Lord Mendelsohn
uin	HL3481
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Department does not hold data on the performance of active fund managers working Local Government Pension Scheme funds.</p><p> </p><p>The consultation <em>Opportunities for collaboration, cost savings and efficiencies </em>was developed using analysis provided to the Minister for the Cabinet Office and the Minister for Local Government using the Contestable Policy Fund. The analysis examined the investment returns of the Scheme as a whole in each of the major equity markets as well as for bonds and gilts. The evidence demonstrated that over the ten years to 31 March 2013, regardless of whether active or passive fund managers were used, the aggregate performance of the Scheme had been in line with each market index.</p><p> </p><p>Both the consultation and supporting analysis are available at: <a href="https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies" target="_blank">https://www.gov.uk/government/consultations/local-government-pension-scheme-opportunities-for-collaboration-cost-savings-and-efficiencies</a></p> answering member printed Lord Ahmad of Wimbledon question first answered 16/12/2014 14:33:40 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	4286 label Biography information for Lord Mendelsohn

168452

registered interest
date	08/12/2014
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what fees have been paid (including management, performance and trading costs) by all the managers of funds in the Local Government Pension scheme.
tabling member printed	Lord Mendelsohn
uin	HL3482
answer	answer is ministerial correction date of answer 15/12/2014 answer text <p>The Department for Communities and Local Government publishes statistics about the Local Government Pension Scheme each year, using data provided by each of the 89 administering authorities in England and Wales. In the financial year 2013-14, the authorities reported fund management costs to be £494 million and administration costs to be £133 million.</p><p> </p> answering member printed Lord Ahmad of Wimbledon question first answered 15/12/2014 17:43:57 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	4286 label Biography information for Lord Mendelsohn

168478

registered interest
date	08/12/2014
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	Homelessness
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the implications for family life for those households considered as being at risk of becoming homeless, in the light of the recent report from Shelter.
tabling member printed	Lord Ouseley
uin	HL3508
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>This Government is committed to preventing and tackling homelessness. England has one of the strongest safety nets in the world that remains in place – protected in law – to ensure that homeless families always have a roof over their heads, and we have increased spending on schemes to prevent homelessness, making over £500 million available to help the most vulnerable in society.</p><p> </p><p>Repossessions are 31 per cent lower than this time last year and are predicted to fall even further. County court mortgage possession claims continue to fall to their lowest point in a decade. This is thanks to our work to tackle the deficit and keep interest rates low, helping more families to stay in their hard earned homes.</p><p> </p><p>We are making home ownership an affordable and accessible prospect through Help to Buy and our work to get Britain building. In the last year alone planning permissions have been granted on 230,000 new homes and we have delivered 200,000 affordable homes since 2010.</p><p> </p><p>And we are introducing measures to ensure tenants can be confident they will get a fair deal. Our How to Rent guide helps tenants know their rights and responsibilities, and letting agents are now required to belong to a redress scheme so landlords and tenants have somewhere to go if they get a raw deal.</p> answering member printed Lord Ahmad of Wimbledon question first answered 16/12/2014 13:29:05 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	2170 label Biography information for Lord Ouseley