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The Local Government Pension Scheme Regulations 2013
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Changes over time for: Section 58
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- 01/04/2014- Amendment
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- 01/11/2016- Amendment
- 20/12/2023
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The Local Government Pension Scheme Regulations 2013, Section 58 is up to date with all changes known to be in force on or before 27 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Funding strategy statementE+W
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58.—(1) An administering authority must, after consultation with such persons as it considers appropriate, prepare, maintain and publish a written statement setting out its funding strategy.
(2) The statement must be published no later than 31st March 2015.
(3) The authority must keep the statement under review and, after consultation with such persons as it considers appropriate, make such revisions as are appropriate following a material change in its policy set out in the statement, and if revisions are made, publish the statement as revised.
(4) In preparing, maintaining and reviewing the statement, the administering authority must have regard to—
[F1(a)the guidance set out in the document published in October 2012 by CIPFA, the Chartered Institute of Public Finance and Accountancy and called “Preparing and Maintaining a Funding Strategy Statement in the Local Government Pension Scheme 2012; and]
[F2(b)the current version of the investment strategy under regulation 7 (investment strategy statement) of the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016.]
Textual Amendments
F1Reg. 58(4)(a) substituted (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by The Local Government Pension Scheme (Amendment) Regulations 2015 (S.I. 2015/755), regs. 1(2), 20
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