New Stable – House of Lords Launch
We are hosting the launch of Localis’s forthcoming report ‘New Stable’ which concerns the potential for LGPS investment to boost affordable housing provision, over afternoon tea and refreshments in the Palace of Westminster on Wednesday 14th May 2025.
‘New Stable – expanding and reforming the role of the Local Government Pension Scheme (LGPS) in driving forward housing investment’ will set out an objective and practical case for how the LGPS can best be used in innovative and imaginative ways to support the growth in affordable housing and associated infrastructure, whilst retaining fiduciary integrity.
Key research questions include:
- What role should the LGPS’s current assets ideally play in in accelerating housing delivery?
- What are the characteristics of a potential investment which make it most attractive to LGPS funds and how can housing investments be designed to provide a good fit?
- How can we properly measure the full ROI on investing in new housing delivery?
- With regards to ‘stable contribution’ what would an alternative view look like in which it could be seen what rates provide long-term sustainability with a measure of prudence?
- What are the risks of the LGPS holding excess reserves (pensions surplus) now versus the risks of the LGPS not being well enough funded in the future? Should this be considered using Value for Money principles?
- Is there an opportunity to utilise some LGPS surplus more quickly in the short to accelerate meeting the UK’s housing needs?
- How might LGPS pensioners, local authority employers and local council tax payers respond to lower pension contributions? Would ringfencing some or all of these help?
- What alterations are needed to the regulatory and policy framework for the LGPS (investments and funding) to encourage housing delivery from pension funds?
- How can councils collaborate with their pension funds to drive targeted housing growth? How will the enlarged mega pools view local?
- What level of state funding is required to ‘crowd in’ private investment in housebuilding programmes?
- How does housing compare to other UK investment opportunities?
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