Written Question·Ministry of Housing, Communities and Local Government·UIN 33719

Local Government Pension Scheme

Tabled: 25 February 2025
Answered: 5 March 2025

Question

Callum Anderson

Labour — Buckingham and Bletchley

To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of trends in Local Government Pension Scheme asset allocation to UK equities in the last ten years.

Answer

Jim McMahon
The Local Government Pension Scheme (LGPS) invests approximately 9% of its total assets of c. £392 billion in UK equities (or 17% of its total equity holdings) compared to over 20% a decade ago. The government’s landmark pensions review aims to unlock inv...
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