Section 403ZA Co-operation with local government pension scheme managersF1

The Authority must co-operate with a scheme manager for a scheme for local government workers in England and Wales who falls within subsection (2) to identify and develop investment opportunities appropriate to the pension fund that the scheme manager maintains for its part of the scheme.

A scheme manager falls within this subsection if the scheme manager is—

Where the scheme manager participates in an asset pool company, the Authority may fulfil its duty to co-operate with the scheme manager under subsection (1) by co-operating with—

A scheme manager participates in an asset pool company by—

In this section—

• “asset pool company” has the meaning given by section 1(9) of the Pension Schemes Act 2026;

• “local government worker” has the meaning given by section 37 of the Public Service Pensions Act 2013;

• “scheme” has the meaning given by section 37 of the Public Service Pensions Act 2013;

• “scheme manager”, in relation to a scheme for local government workers, means a person who is a scheme manager by virtue of section 4(5) of the Public Service Pensions Act 2013 (being a person responsible for the local administration of pensions and other benefits payable under the scheme who maintains a pension fund for the purposes of providing pensions and other benefits under its part of the scheme).