Legal News

Government ‘guidance’ on Local Authority Pensions Schemes’ investment duties held unlawful

Published on: 27 June 2017
Published by: LexisPSL
  • Government ‘guidance’ on Local Authority Pensions Schemes’ investment duties held unlawful
  • What are the practical implications of this decision?
  • What was the case about?
  • What were the main legal arguments put forward?
  • What did the court decide, and why?

Article summary

Pensions case analysis: Keith Wallace of Reed Smith considers the judgment of the High Court in the case Palestine Solidarity Campaign v Sec of State of Communities and Local Government [2017] EWHC 1502 (Admin) . ‘Guidance’ by the Secretary of State to local government pension schemes (LGPSs) that they must not use investment policies ‘to pursue boycotts, divestment and sanctions against foreign nations and UK defence industries…other than where formal legal sanctions, embargoes and restrictions have been put in place by the Government’ was held unlawful on the ground that it had been introduced for a purpose not authorised by the enabling (pensions) legislation. or take a trial to read the full analysis.

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