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Cabinet reshuffle offers LGPS continuity as Bell reappointed

(Torsten Bell ©House of Commons/Roger Harris)

The reappointment of Torsten Bell as pensions minister signals continuity for the LGPS reform agenda, but a new Treasury team could create uncertainty for markets as funds prepare for the next phase of pooling reforms.

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The pensions minister role has historically been marked by frequent turnover, making Bell’s retention notable as the LGPS prepares for one of its biggest

The £100bn LGPS Central pool is set to launch a social housing fund next year and expand partnerships with housebuilders and housing associations as part of a boost to its UK social housing strategy.