Examples of LGPS Investment Regulations in a sentence
While in its infancy, this is likely to yield improved access to better infrastructure investment, both from the collective opportunity BPP brings as well as a national investment vehicle.2.5 Imperative of investment poolingThe main strategic driver for investment pooling is the Government’s decision to progress this as a policy, as now required under the LGPS Investment Regulations 2016.
MHCLG civil servants continued to indicate that a new consultation on pooling guidance and potentially, changes to the LGPS Investment Regulations were expected sometime later in the year.
They each administer, maintain and invest their own respective funds within the LGPS in accordance with those Regulations and the LGPS Investment Regulations.
A derivative, which is a permitted investment under the LGPS Investment Regulations, is a contract between two or more parties whose value is derived from the performance of an underlying financial asset, for example an equity index such as FTSE 100 index.
Overall responsibility for management of the Scheme and custody of assets is the responsibility of the relevant fund, in this case Kent County Council, in accordance with the Local Government Pension Scheme Regulations 2013, other LGPS scheme regulations and LGPS Investment Regulations.
For the avoidance of doubt, an Authority who ceases to be both a shareholder in BCPP and a member of the Joint Committee shall continue to have responsibility for complying with regulation 7(2)(d) of the LGPS Investment Regulations (pooling requirements) in accordance with its own constitution but without reference to the other parties to this Agreement or BCPP.
On behalf of our Local Authority members we have been arguing for changes to the Local Government Pension Scheme (LGPS) Investment Regulations for a number of years.
It was stated that MHCLG had indicated that a new consultation on pooling guidance and potentially changes to the LGPS Investment Regulations was expected sometime later in the year.
The LGPS Investment Regulations 2016 instructs funds to ‘consider any factors that are financially material to the performance of their investments, including social, environmental and corporate governance factors, and over the long term, dependent on the time horizon over which their liabilities arise’.
A presentation was attached to the report, setting out how the Northern Pool would meet the requirements of the LGPS Investment Regulations and the Pooling Criteria and Guidance issued by Government.