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SubscribeLocal Government Pension Scheme pooling has saved funds a collective £155m between 2015 and March 2019, according to the government.
Viscount Younger of Leckie, minister in the Ministry of Housing, Communities and Local Government, gave the figure in the House of Lords this week.
The pools have estimated total savings by 2033 at between £1bn and £2bn, with annual savings of up to £200m.
