Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government what the cost to the public purse of establishing each local government pension scheme pool has been to date; and what costs to the public purse his Department has forecast for each local government pension scheme pool in each year until 2020.

The final proposals for the development of the pools in July 2016 estimated set up costs excluding transition of assets of around £20 million, and initial running costs of around £11 million per annum, in order to achieve estimated total net savings of £1-2 billion by 2033. The costs of establishing each pool in the local government pension scheme, and future costs, will be met by the participating funds and will be published in the annual reports of the pools.