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Reform landslide changes balance of power for UK’s largest LGPS funds

A historical local election defeat for Labour is set to trigger widespread changes among the pension committees of some of the largest local government pension funds in the country.

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Local elections in the UK have resulted in a landslide victory for Reform UK, which has picked up more than 1,400 new councillors, with the Greens and Lib Dems also reporting gains at

LGPS allocations to UK plc have been at the forefront of a growing debate with the government nudging the scheme to invest more in stocks at home.

(Left to right: James Beaumont, Piers Hillier and Mark Davies, credit: Mark Flynn)