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<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>
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