PARLIAMENTARY WRITTEN QUESTION
Local Government: Pensions (18 May 2016)

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.

Asked by:
Mr Toby Perkins (Labour)

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.

Answered by:
Mr Marcus Jones (Conservative)
24 May 2016