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Pensions Bill guidance shifts LGPS focus from pooling to oversight

Three sets of guidance documents released by the government last week offer detailed insights on the practical impact of the new LGPS reforms, Andrew Holt reports.

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The recent statutory guidance on LGPS asset pooling, issued as part of the pivotal Pension Schemes Act 2026, makes a clear distinction between delegating

LGPS allocations to UK plc have been at the forefront of a growing debate with the government nudging the scheme to invest more in stocks at home.

(Left to right: James Beaumont, Piers Hillier and Mark Davies, credit: Mark Flynn)