What a survey of LGPS’s tells AM’s
Jamie BroderickJamie Broderick•
The UK's £360 billion Local Government Pension Scheme is distinctly inclined to move toward private markets, sustainability and local investing, according to this survey conducted in 2023 by Room151 under the sponsorship of Schroders.
Some 64% of funds surveyed said they expected to increase investment in local opportunities that support levelling up or create a local beneficial impact, with housing being the leading asset category, followed by renewable infrastructure. A large majority of funds thought that local investments should be done by the pools or in collaboration with them, rather than solely by the individual pension funds.
The survey also tested views on the relationship between LGPS funds and the LGPS pools. Most funds thought that pooling had brought cost and performance benefits, or was likely to in the future.
Paul Myles Head of LGPS, Schroders says
“The LGPS are facing many new headwinds and hurdles, from the government’s levelling up agenda and investment consultation, to the aftermath of the gilt crisis and the desire to implement carbon reduction strategies. This survey creates a snapshot of the industry’s views and response to these numerous challenges.
The full survey is available at: https://lnkd.in/ePyYN4pa