The Pensions Committee's meeting will include reports on the Government's consultation on the Local Government Pension Scheme (England and Wales), and their response to that consultation.

The committee will also be asked to note a report on the ACCESS LGPS Asset Pool, of which the West Sussex Pension Fund is a part.

Local Government Pension Scheme (England and Wales): Fit for the future Consultation

The Committee were asked to note a report on the Government's consultation on the Local Government Pension Scheme (England and Wales), which can be found in Appendix B of the meeting pack: Appendix B - Fit for the future Consultation.

The consultation, which closed on 16 January 2025, proposed changes relating to asset pooling, UK and local investment and governance.

The government believes that asset pooling has not delivered to its full potential and to deliver successfully for members and employers, all the pools will need to develop further as powerful global and local investors, able to deliver strong performance, value for money and resilience over the long term in the best interests of members, employers, local communities and the wider UK economy.

— Report, page 3.

Local Government Pension Scheme (England and Wales): Fit for the future Consultation - Response

The committee were provided with a report on the response to the Government's consultation on the Local Government Pension Scheme (England and Wales). The report itself was not included in the public report pack.