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FUNDING STRATEGY STATEMENT

 
The Local Government Pension Scheme (England and Wales) (Amendment) Regulations 2004 provide the statutory framework from which the Fund is required to prepare a Funding Strategy Statement (FSS). The key requirements for preparing the FSS can be summarised as follows:
 
After consultation with all relevant interested parties the Fund will prepare and publish their funding strategy. In preparing the FSS, the Fund must have regard to:-
  • the guidance issued by CIPFA for this purpose; AND
  • the Statement of Investment Principles (SIP) for the Fund dated 21 September 2005 published under Regulation 9A of the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998 (as amended);
The FSS must be revised and published whenever there is a material change in either the policy on the matters set out in the FSS or the Statement of Investment Principles.