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LGPS investment power to be removed from the Pensions Bill

(Torsten Bell ©House of Commons/Roger Harris)

The government has proposed to delete a key aspect of the Pensions Bill which would have given the secretary of state powers to direct LGPS pool investments.

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An amendment proposed by pensions minister Torsten Bell today suggested deleting clause 1(2)(e)(iii) of the bill, which would have empowered the secretary of state

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