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Local investment and fiduciary duty: where the new line is drawn
In the second of two articles on the recent LGPS governance guidance, Paul Newman KC looks at one of its more controversial aspects: the use of LGPS assets to pursue local investment objectives. To read the article, click on the pdf below.
Paul Newman KC
15 hours ago1 min read


Fiduciary duties on LGPS pooling: Responsibility without control?
In the first of two articles on the recent LGPS governance guidance, Paul Newman KC considers the new division between strategic responsibility and practical implementation under the new asset pooling arrangements. To read the article, click on the pdf below.
Paul Newman KC
Jul 91 min read


Explanatory guides as rectification evidence
Paul Newman KC considers a very recent High Court decision on a rectification application in which particular reliance was placed on the explanatory guides prepared for the trustees and employer on the adoption of a new deed and rules. To read the article, click on the pdf below.
Paul Newman KC
Jul 21 min read


LGPS Guidance published
The Government has published its long-awaited package of statutory guidance for the Local Government Pension Scheme in England and Wales, accompanying the investment and governance reforms in the Pension Schemes Act 2026. The guidance covers three linked areas: asset pooling, preparing and maintaining Investment Strategy Statements, and fund governance. The guidance is likely to become a central reference point for administering authorities, LGPS pools and advisers as the n
Paul Newman KC
Jun 301 min read
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