Current status: Answered by Jenny Gilruth on 16 June 2026
To ask the Scottish Government whether it will provide any direction or guidance to Local Government Pension Scheme funds regarding potential investment in affordable housing, and if so, on what statutory basis.
As set out in our manifesto, we will work in partnership with others, including administering authorities in the Scottish Local Government Pension Scheme, to progress funding models that safeguard fiduciary duties, provide secure inflation linked returns, and can accelerate the delivery of affordable homes.
Investment strategies are the responsibility of administering authorities, who make decisions in line with their fiduciary duties and the relevant statutory framework.
We have an open dialogue with the administering authorities and are encouraged by signs of collaboration across these funds. We will continue working with the funds and partners to support opportunities for increased investment in projects and businesses in Scotland, including housing, within fiduciary and statutory parameters.