The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
12 Consultation on proposed investment strategy
(1) An authority must consult with the persons specified in paragraph (2) on the proposed contents of any strategy formulated in accordance with regulation 10(2). (2) The persons specified for the purposes of paragraph (1) are— (a) any Scheme employer, or member of the Scheme, in respect of which the authority is the appropriate administering authority under Part 2 of Schedule 3 to the 2013 Regulations (pension funds), (b) the relevant strategic authority, (c) any person specified in guidance issued by the Secretary of State from time to time, and (d) any person that the authority considers that it ought to consult as to the proposed contents of its investment strategy. (3) Paragraph (1) may be satisfied— (a) in relation to any Scheme employer or member of the Scheme, by consultation with a representative for that employer or member; (b) by consultation before, as well as after, the coming into force of these Regulations.
12 Consultation on proposed investment strategy
(1) An authority must consult with the persons specified in paragraph (2) on the proposed contents of any strategy formulated in accordance with regulation 10(2). (2) The persons specified for the purposes of paragraph (1) are— (a) any Scheme employer, or member of the Scheme, in respect of which the authority is the appropriate administering authority under Part 2 of Schedule 3 to the 2013 Regulations (pension funds), (b) the relevant strategic authority, (c) any person specified in guidance issued by the Secretary of State from time to time, and (d) any person that the authority considers that it ought to consult as to the proposed contents of its investment strategy. (3) Paragraph (1) may be satisfied— (a) in relation to any Scheme employer or member of the Scheme, by consultation with a representative for that employer or member; (b) by consultation before, as well as after, the coming into force of these Regulations.
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