A few weeks ago our Retired Members’ Secretary signed a petition calling for the government to drop its plans to place restrictions on the Local Government Pension Scheme’s investment policies. The Government wants to take control of LGPS investment. It appears that the government wants the LGPS to invest in UK infrastructure projects and wants to ensure that the LGPS provides some of the finance required. It is his view that the members of the scheme should be able to decide how their money should be invested. Just recently it was reported that the Waltham Forest LGPS had decided not to invest in fossil fuels any more. Under the government’s proposals would they be able to make such a decision?
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