Toby Perkins – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Toby Perkins on 2016-05-18.

To ask the Secretary of State for Communities and Local Government, what mechanisms are in place to ensure that the pensions of people enrolled in pooled local government pension schemes are safeguarded in the event of a failed infrastructure project that received investment from that fund.

Mr Marcus Jones

Local government pension scheme benefits are set out in statute and are not linked to the investment performance of funds. However, those responsible for investment decisions should have regard to the need to achieve an appropriate balance between risk and return and act in the best interests of scheme members and local taxpayers.