Local Government Pension Scheme
The question
To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 13 October 2025 to Question 77689 on Local Government: Investment, if he will take steps to stop divestment decisions in local government pension schemes relating to (a) Trident renewal and (b) investment in the defence industry.
Answered by Alison McGovern
Investment strategies for Local Government Pension Scheme (LGPS) funds are set by local administering authorities, and include how social, environmental and corporate governance and responsible investment considerations are taken into account. Administering authorities must have regard to their fiduciary duty to scheme members and employers when setting their investment strategy and must follow relevant legislation and guidance.
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