One-size-fits-all approach may not be appropriate for LGPS

Doubling LGPS investment in private equity could have positive outcomes if done well

Jasmine Urquhart
clock • 4 min read
Industry broadly welcome aims of increasing LGPS investment in unlisted equities but warn of a 'one-size-fits-all' approach
Image:

Industry broadly welcome aims of increasing LGPS investment in unlisted equities but warn of a 'one-size-fits-all' approach

The drive to get Local Government Pension Scheme (LGPS) funds to invest more in private equity has been welcomed, but “one-size-fits-all approach” should not be taken, the industry has said.

In the chancellor's annual Mansion House speech yesterday (10 July), a proposal to get LGPS funds to double their investment in private equity to 10% was revealed. Chancellor Jeremy Hunt said th...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Investment

Railpen acquires 50% shareholding in AGR Power

Railpen acquires 50% shareholding in AGR Power

Railpen’s partnership with renewable energy firm will help grow AGR’s UK presence

Holly Roach
clock 17 June 2024 • 1 min read
Partner Insight: The importance of going global for real estate

Partner Insight: The importance of going global for real estate

With only 5% of investable real estate found in the UK, is it time investors looked abroad as they would with equities and bonds?

Sarka Halas
clock 14 June 2024 • 3 min read
Stories of the week: Party manifestos; Mercer acquires Cardano; DB surpluses grow

Stories of the week: Party manifestos; Mercer acquires Cardano; DB surpluses grow

Labour manifesto pledges pension review and climate action; Mercer to acquire Cardano; Conservative manifesto unveils pensions tax pledge

Sarka Halas
clock 14 June 2024 • 1 min read
Trustpilot