Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, whether his Department provides guidance to local authorities administering Local Government Pension Scheme on ensuring their investments are compliant with the UK’s duty (a) not to aid and (b) assist serious breaches of international law.

Local Government Pension Scheme administering authorities set the investment strategies for their funds, and must include how social, environmental and corporate governance and responsible investment considerations are taken into account. Authorities must have regard to their fiduciary duty to scheme members and employers when setting their investment strategy and must follow relevant legislation and guidance.

Administering authorities are legally required to comply with UK sanctions, including restrictions on dealings with designated individuals, entities, and countries.