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Pensions Act guidance allows pools to cater to different shareholder views on responsible investment

The LGPS could be given greater flexibility on responsible investment as the government attempts to reconcile politically divided funds into eight mandated pools

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New guidance released by the UK government offers LGPS funds more latitude on responsible investment but simultaneously reinforces restrictions on country- and company-level divestments.

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.