LGPS: next steps on investments

PLSA’s response to DLUHC Local Government Pension Scheme (England And Wales): Next Steps On Investments

Following the Chancellor’s Mansion House Speech in July, the Department for Levelling Up, Housing and Communities (DLUHC) published a consultation with proposals for investments/pooling in LGPS Funds in England and Wales.

The consultation includes various recommendations in relation to the three key areas that the Government is focusing on in relation to LGPS Funds: 

  • How to increase scale of pools and accelerate transition of assets 
  • Setting a 5% goal for Levelling Up investments 
  • Setting a 10% ambition for investments in private equity.

Based on feedback from our members, the PLSA’s submission provides responses to the questions posed by DLUHC in the consultation.