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Governance Of The Local Government Pension Scheme

EDM number 1806 in 2008-09, proposed by Kelvin Hopkins on 02/07/2009.
Categorised under the topics of Local government and Pensions.

That this House welcomes the seventh report by the Communities and Local Government Select Committee, Local Authority Investments, HC164, which highlights the importance of healthy and transparent local authority finances; notes the use of hard-pressed Local Government Pension Scheme (LGPS) funds by local authorities to finance day to day local authority services; further notes that by returning investments to the LGPS through the lower Bank of England rate, local authorities have generated and retained a premium; expresses concern that councils have used LGPS funds to increase returns for their budgets rather than for the benefit of scheme members; and calls on the Government to end these practices and to introduce a statutory requirement to ensure that LGPS investments are made in the interests of scheme members, rather than the administering authority.

This motion has been signed by a total of 31 MPs.

MPDateConstituencyPartyType
Kelvin Hopkins02/07/2009Luton NorthLabourProposed
Peter Bottomley06/07/2009Worthing WestConservativeSeconded
Mike Hancock07/07/2009Portsmouth SouthLiberal DemocratSeconded
Robert Wareing07/07/2009Liverpool, West DerbyIndependentSeconded
Andrew George07/07/2009St IvesLiberal DemocratSeconded
David Taylor08/07/2009North West LeicestershireLabourSeconded
Jeremy Corbyn08/07/2009Islington NorthLabourSigned
Ronnie Campbell08/07/2009Blyth ValleyLabourSigned
Elfyn Llwyd08/07/2009Meirionnydd Nant ConwyPlaid CymruSigned
Brian Jenkins09/07/2009TamworthLabourSigned
John McDonnell09/07/2009Hayes and HarlingtonLabourSigned
Dai Davies09/07/2009Blaenau GwentIndependentSigned
Nick Harvey13/07/2009North DevonLiberal DemocratSigned
Alan Simpson14/07/2009Nottingham SouthLabourSigned
Paul Rowen14/07/2009RochdaleLiberal DemocratSigned
Bill Etherington15/07/2009Sunderland NorthLabourSigned
Katy Clark15/07/2009North Ayrshire and ArranLabourSigned
Diane Abbott15/07/2009Hackney North and Stoke NewingtonLabourSigned
Harry Cohen16/07/2009Leyton and WansteadLabourSigned
Neil Gerrard16/07/2009WalthamstowLabourSigned
Joan Walley16/07/2009Stoke-on-Trent NorthLabourSigned
Eric Illsley20/07/2009Barnsley CentralLabourSigned
Fabian Hamilton20/07/2009Leeds North EastLabourSigned
Jim Sheridan21/07/2009Paisley and Renfrewshire NorthLabourSigned
Evan Harris21/07/2009Oxford West and AbingdonLiberal DemocratSigned
Paul Truswell21/07/2009PudseyLabourSigned
Anne Moffat13/10/2009East LothianLabourSigned
George Howarth13/10/2009Knowsley North and Sefton EastLabourSigned
Frank Cook13/10/2009Stockton NorthLabourSigned
Janet Anderson26/10/2009Rossendale and DarwenLabourSigned
Susan Kramer27/10/2009Richmond ParkLiberal DemocratSigned

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