The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026
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Change 1
21 Consequential amendments
(1) The 2013 Regulations are amended as follows. (2) In regulation 57 (pension fund annual report)— (a) in paragraph (1), for sub-paragraph (i) substitute— (i) the current version of the investment strategy statement published under regulation 13 (publication of investment strategy), or the revised investment strategy statement published under regulation 15 (review of investment strategy), of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026; (ia) a report explaining the authority’s progress during the year against the high-level objective on local investments included in the investment strategy pursuant to regulation 11(1)(f) (contents of investment strategy) of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026; ; (b) after paragraph (1) insert— (1A) Paragraph (1)(ia) does not apply to the Environment Agency. . (3) In regulation 58(4) (funding strategy statement), for sub-paragraph (b) substitute— (b) the current version of the investment strategy statement published under regulation 13 (publication of investment strategy), or the revised investment strategy statement published under regulation 15 (review of investment strategy), of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026. . (4) In regulation 69(2) (payment by scheme employers to administering authorities), in sub-paragraph (b), for “The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016” substitute “The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026”. (5) The amendments made by paragraph (2) apply in relation to a scheme year beginning on or after 1st April 2026. (6) In this regulation, “scheme year” has the same meaning as in the 2013 Regulations.
21 Consequential amendments
(1) The 2013 Regulations are amended as follows. (2) In regulation 57 (pension fund annual report)— (a) in paragraph (1), for sub-paragraph (i) substitute— (i) the current version of the investment strategy statement published under regulation 13 (publication of investment strategy), or the revised investment strategy statement published under regulation 15 (review of investment strategy), of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026; (ia) a report explaining the authority’s progress during the year against the high-level objective on local investments included in the investment strategy pursuant to regulation 11(1)(f) (contents of investment strategy) of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026; ; (b) after paragraph (1) insert— (1A) Paragraph (1)(ia) does not apply to the Environment Agency. . (3) In regulation 58(4) (funding strategy statement), for sub-paragraph (b) substitute— (b) the current version of the investment strategy statement published under regulation 13 (publication of investment strategy), or the revised investment strategy statement published under regulation 15 (review of investment strategy), of the Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026. . (4) In regulation 69(2) (payment by scheme employers to administering authorities), in sub-paragraph (b), for “The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016” substitute “The Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026”. (5) The amendments made by paragraph (2) apply in relation to a scheme year beginning on or after 1st April 2026. (6) In this regulation, “scheme year” has the same meaning as in the 2013 Regulations.
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