Publication

LGPS Investment Outlook 2025

calendar icon 17 February 2025
time icon 5 min

Authors

Iain Campbell
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Iain Campbell

Head of LGPS Investment

David Walker
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David Walker

Chief Investment Officer

Hampton, Samuel RGB Transparent
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Samuel Hampton

Senior Investment Consultant

Sanjay Joshi
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Sanjay Joshi

Responsible Investment Consultant

Mhairi Gooch
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Mhairi Gooch

Senior Responsible Investment Consultant

Chris Arcari
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Chris Arcari

Head of Capital Markets

We decided to delay this year’s publication, as the LGPS had quite a busy start to the year with the ‘Fit for the Future’ consultation.

2024 was a busy year. In England and Wales, we started to get our heads around the 2023 ‘Next steps on investments’ consultation. This explored the expansion of pool services, setting a deadline for pooling assets and mandating minimum allocation sizes to UK ‘Levelling Up’ investments and global private equity. However, the Conservative government didn’t have time to implement this before being replaced by the new Labour government in July, which quickly introduced a vast swathe of new proposals. 

In Scotland, funds reviewed and implemented their new investment strategies based on the very strong results of the 2023 actuarial valuations. Lessons can be learned for the English and Welsh funds heading into the same position this year.

In this year's outlook we discuss: 

  • Our market outlook for 2025
  • A LGPS policy update
  • Considerations for 2025 investment strategy reviews
  • Thoughts on how to tackle local investments

Download our full publication by clicking below. 

Download here

If you have any questions or would like to discuss anything further, please get in touch.

 

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