Schroders and Room151 have teamed up to launch a survey tracking investment trends and officer sentiment within the Local Government Pension Scheme (LGPS) community.
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To access the survey, click here.
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From the chancellor’s Mansion House speech to the consequences of higher inflation, rising interest rates and net zero ambitions, the LGPS is facing a number of rapidly evolving challenges.
While LGPS funding levels have improved, persistently high inflation remains a challenge and creates additional considerations to LGPS cashflow management.
The eight LGPS Pools are under renewed pressure to demonstrate their progress with improved investment returns and increased cost savings, with the government consulting if the LGPS need to go further and pool all by assets by Easter 2025, the landscaped is complicated.
The chancellor is asking the LGPS to dedicate a greater share of their strategic asset allocation to private equity and to increase their contribution to levelling up projects with further investment in real assets.
Paul Myles, director Private Assets at Schroders said: “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 will create a snapshot of the industry’s views and response to these numerous challenges.”
The survey is timed to coincide with the government’s response to the LGPS investments consultation and aims to feed into the ongoing debate about the future of the LGPS. The survey focusses on five areas, generating a snapshot of where the LGPS community stands on
- the future of the LGPS
- trends within asset allocation and cashflow management
- levelling up and local investment
- private market strategies and
- how to tackle climate change.
The survey is open to responses from administering authority pension officers, pension directors, S151 officers, independent investment advisors, chairs of LGPS investment committees and LGPS pool investment practitioners.
It runs until the 17th of October and the results will be covered on the Room 151 site, as well as at Room151’s LGPS Investment Forum on 8th November where Paul Myles of Schroders will examine the findings and present a special report to delegates.
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To access the survey, click here.
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