# The Local Government Pension Scheme (Amendment) Regulations 2004, Regulation 20: Funding strategy statement


After regulation 76, insert—
“Funding strategy statement
76A. (1) Each administering authority shall, after consultation with such persons as they consider appropriate, prepare, maintain and publish a written statement setting out their funding strategy.
(2) In preparing and maintaining the statement, the administering authority shall have regard to—
(a) the guidance set out in the document published in March 2004 by CIPFA, the Chartered Institute of Public Finance and Accountancy and called “CIPFA Pensions Panel Guidance on Preparing and Maintaining a Funding Strategy Statement (Guidance note issue No. 6)”; and
(b) the statement of investment principles published by the administering authority under regulation 9A of the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998.
(3) The first such statement shall be published on or before 31st March 2005.
(4) The statement shall be revised and published by the administering authority following, and in accordance with, any—
(a) material change in their policy on the matters set out in the statement; and
(b) material change to the statement of investment principles under regulation 9A(4) of the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998.”.

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Source: https://www.legislation.gov.uk/uksi/2004/573/regulation/20 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-amendment-regulations-2004/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.