Local Government and Communities Committee

Meeting date: Wednesday, September 8, 2010

Official Report 466KB pdf

---

Subordinate Legislation

---

Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 2010 (SSI 2010/233)

---

Local Government Pension Scheme Amendment (Scotland) Regulations 2010 (SSI 2010/234)

I remind members that we considered both sets of regulations at our previous meeting on 23 June, and that we agreed to defer a decision on both instruments while we sought further information from the Scottish Government.

We have received from the Scottish Public Pensions Agency a positive response, which has been circulated to members. The agency accepted the merits of the committee’s suggestion regarding the requirement to record and report the use of borrowing powers, and indicated its proposed method of effecting the change. Do we agree to make no recommendation on either instrument?

Members indicated agreement.