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The Director of Pensions introduced the report to committee. The report provided the Committee with details of the response to a consultation by the Department for Levelling Up, Housing & Communities (DLUHC) which sought views on the Local Government Pension Scheme’s (LGPS) “next steps on investments”.

Members noted the areas of good practice on which Merseyside Pension Fund were leading.

Members requested training regarding legislative changes takes place before the next Responsible Investments Working Party.

In response to member queries, officers advised that Norther LGPS had received some indication that the pooling structure  implemented may not align with the governments preferred pooling method and that they were awaiting guidance from the Department for Levelling Up, Housing and Communities. Officers also advised that investments in the Merseyside region which fall under the levelling up category, have data on the economic, environmental and social benefits they bring but the pool was considering ways in which this could be enhanced. 

Resolved - That the Committee consider the report.