Updated: LGPS megafunds plan raises fears over 'indirect influence' on investment decisions

Shifting allocation decisions away from local control could compromise LGPS autonomy

Jonathan Stapleton
clock • 5 min read
The government hopes LGPS reform will allow them to invest more in assets like infrastructure, supporting economic growth and local investment.
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The government hopes LGPS reform will allow them to invest more in assets like infrastructure, supporting economic growth and local investment.

Plans by chancellor Rachel Reeves to create a number of Local Government Pension Scheme (LGPS) “megafunds” raises concerns over indirect government influence on investment decisions, industry figures say.

The chancellor's plans – announced in her maiden Mansion House speech – will see LGPS assets consolidated into a "handful" of megafunds as part of a package of proposed reforms to the structure, in...

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