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Local Government Pension Scheme (Management and Investment of Funds) Regulations (Northern Ireland) 2000

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Use and investment of fund money

9.—(1) The Committee must invest any fund money that is not needed immediately to make payments from the fund.

(2) The Committee may vary its investments.

(3) The Committee’s investment policy must be formulated with a view—

(a)to the advisability of investing fund money in a wide variety of investments; and

(b)to the suitability of particular investments and types of investments.

(4) The Committee must obtain proper advice at reasonable intervals about its investments.

(5) The Committee must consider such advice in taking any steps about its investments.

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