Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of trends in Local Government Pension Scheme asset allocation to UK equities in the last ten years.

The Local Government Pension Scheme (LGPS) invests approximately 9% of its total assets of c. £392 billion in UK equities (or 17% of its total equity holdings) compared to over 20% a decade ago. The government’s landmark pensions review aims to unlock investment in the UK economy.