8 December 2026
The Ministry for Housing, Communities and Local Government (MHCLG) launched a consultation in November looking for views on two draft statutory instruments: one on pooling, management and investments and the second on governance.
Pensions UK supports the government’s drive to improve LGPS governance but urges practical reforms. Pensions UK response calls for:
- Smarter regulation to avoid unnecessary costs
- Respect for local accountability and fiduciary duty
- Flexible timelines for asset transitions
- Clearer roles for asset pools
- Practical training and governance requirements.
Pensions UK's aim is to ensure reforms deliver strong governance without excessive burden, keeping the LGPS effective for its member.