The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
15 Review of investment strategy
(1) From time to time, and in any case within 18 months of each valuation date, an authority must— (a) carry out a review of its investment strategy, (b) if necessary, revise its investment strategy, (c) subject to paragraph (2), consult with the persons specified in regulation 12(2) on any proposed revisions to its investment strategy, and (d) after consultation, publish a statement of its investment strategy as so revised. (2) Where an authority carries out a review of, and revises, its investment strategy pursuant to a direction given under regulation 16(2)(b)— (a) paragraph (1)(c) does not apply, and (b) the authority must consult with the persons specified in regulation 12(2) only in relation to any matters specified in that direction in accordance with regulation 16(4)(b). (3) In this regulation, “valuation date” means the date in respect of which an actuarial valuation of the assets and liabilities of each of the authority’s pension funds is obtained in accordance with regulation 62(1)(a) of the 2013 Regulations (actuarial valuations of pension funds).
15 Review of investment strategy
(1) From time to time, and in any case within 18 months of each valuation date, an authority must— (a) carry out a review of its investment strategy, (b) if necessary, revise its investment strategy, (c) subject to paragraph (2), consult with the persons specified in regulation 12(2) on any proposed revisions to its investment strategy, and (d) after consultation, publish a statement of its investment strategy as so revised. (2) Where an authority carries out a review of, and revises, its investment strategy pursuant to a direction given under regulation 16(2)(b)— (a) paragraph (1)(c) does not apply, and (b) the authority must consult with the persons specified in regulation 12(2) only in relation to any matters specified in that direction in accordance with regulation 16(4)(b). (3) In this regulation, “valuation date” means the date in respect of which an actuarial valuation of the assets and liabilities of each of the authority’s pension funds is obtained in accordance with regulation 62(1)(a) of the 2013 Regulations (actuarial valuations of pension funds).
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