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LGPS consultation: funds warn of conflict of interest

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With LGPS: Fit For the Future consultation closed, initial reactions reveal a strong sentiment among the industry that the government’s proposals could result in funds not getting the best value for their money.

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While some have welcomed “overdue” reforms to pooling and local investment, others have flagged serious concerns over proposals regarding asset allocation and investment advice.

The £100bn LGPS Central pool is set to launch a social housing fund next year and expand partnerships with housebuilders and housing associations as part of a boost to its UK social housing strategy.