LGPS Fit for the Future - Regulations Consultation

Topic of this consultation: 

This consultation seeks views on two draft statutory instruments, the “Local Government Pension Scheme (Pooling, Management and Investment of Funds) Regulations 2026”, and the “Local Government Pension Scheme (Amendment) Regulations 2026”. The consultation seeks to understand whether the statutory instruments will effectively deliver the policy proposals set out in the Government’s response to its “Local Government Pension Scheme - Fit for the Future” consultation published 29 May 2025. 

Scope of this consultation: 

The draft regulations apply to Local Government Pension Scheme administering authorities and their asset pools. 

Geographical scope: 

These draft statutory instruments relate to England and Wales only. 

Impact assessment: 

The proposed interventions affect the investment of assets by LGPS administering authorities. These authorities are all public sector organisations, so no impact assessment is required. An impact assessment of the LGPS measures in the Pension Schemes Bill can be found in table 4f here: impact_assessment2.pdf 

Basic Information 

Body/bodies responsible for the consultation: 

Ministry of Housing, Communities and Local Government 

Duration: 

This consultation will last for 6 weeks from 20 November 2025 to 02 January 2026. 

Enquiries: 

For any enquiries about the consultation please contact: lgpensions@communities.gov.uk