The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
17 Management of funds or other assets by the relevant asset pool company
Subject to regulation 24, within the period of three months from the date on which it first participates in an asset pool company under regulation 7(1), an authority must ensure that the funds or other assets of the Scheme for which that authority is responsible (other than money needed for making payments under the Scheme from the pension fund maintained by the authority) are— (a) held on behalf of the authority by the relevant asset pool company, and (b) properly managed by that company with a view to implementing the authority’s investment strategy.
17 Management of funds or other assets by the relevant asset pool company
Subject to regulation 24, within the period of three months from the date on which it first participates in an asset pool company under regulation 7(1), an authority must ensure that the funds or other assets of the Scheme for which that authority is responsible (other than money needed for making payments under the Scheme from the pension fund maintained by the authority) are— (a) held on behalf of the authority by the relevant asset pool company, and (b) properly managed by that company with a view to implementing the authority’s investment strategy.
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