Department of the Environment

Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006 No. 400).

Notice is hereby given that in exercise of the powers conferred by Article 9 of, and Schedule 3 to, the Superannuation (Northern Ireland) Order 1972 and now vested in it, the Department of the Environment has made the above Regulations.

The Regulations will give the Northern Ireland Local Government Officers’ Superannuation Committee additional flexibility when investing the Local Government Pension Scheme fund by increasing the limit on the value of the fund that can be used for stock lending from 25% to 35%. Before making the decision to increase the limit on their investments in securities transferred under stock lending arrangements, NILGOSC must consider the additional risks involved.

The Regulations are operational on 6th November 2006.

Copies of the Regulations may be purchased from the Stationery Office Bookshop, 16 Arthur Street, Belfast, BT1 4GD.