Skip to Main Content

Equities drive LGPS returns but funds report rising transaction costs

Equities continued to act as a key driver of LGPS investment returns last year, supported by strong global equity markets. However, funds also reported a notable increase in investment and transaction costs as assets are progressively brought under pool management.

Please subscribe or upgrade your membership. To continue reading this article please sign in below or subscribe to our site.

Subscribe

LGPS funds reported an annual return of 3.4% over the year, with equities, infrastructure and private debt emerging as the main contributors to performance.

An increase in assets and improving funding levels paint a positive picture for the LGPS, but changes to contribution rates, valuation assumptions and costs reveal a more complex financial outlook.