Safeguarding LGPS Investments

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2019 Local Government Service Group Conference
21 February 2019
Carried as Amended

This local government conference notes that LGPS pension funds are invested to secure the best returns and to safeguard the pensions of public sector employees and pension fund members.

We further note that these funds are in the majority invested in funds which add little value to local areas and local economies. This conference therefore calls upon UNISON to:

1) endorse the adoption of a community wealth building approach to pensions investment seeking a minimum of 5% investment from LGPS funds provided such investment is in line with due diligence and regulatory requirements and;

2) support the raising of awareness of community wealth building led investments to our local economies for employment and skills and an economic approach that supports the many not the few.