Whitepapers   |   8 June 2026

Why Surplus LGPS Funds Should Address the Housing Shortage

Mike Weston, an independent consultant, professional pension trustee and former CEO of LGPS Central, highlights that LGPS funds are in a strong surplus position, estimated at around £147bn, at a time of major pooling reforms. This creates an opportunity to redeploy capital more strategically, supported by increased governance capacity and long term investment horizons.

​​​​​​​

Mike Weston
Mike Weston
Independent Consultant, Professional Pension Scheme Trustee and previously CEO of LGPS Central

He identifies UK residential housing as a compelling destination for this capital, offering inflation linked income, capital growth and clear social impact. Investment in professionally managed housing can help address the housing shortage while delivering both financial returns and positive local outcomes.

Related Insights

Unlocking Place-based Impact Through Development
Whitepapers
15 September 2026

Unlocking Place-based Impact Through Development

Our updated whitepaper, developed with Hillbreak, explores how place-based impact investing can help address these challenges by embedding impact throughout the development lifecycle, from strategy and design through to delivery and operation.
Photo Maria-Louise McMaster
Director, Sustainable Investing, Private Markets
UK Single-Family Housing: Capital Goes Back to Basics
Whitepapers
13 May 2026

UK Single-Family Housing: Capital Goes Back to Basics

In his latest opinion piece with Institutional Real Estate, Inc, Charles Allen, Head of European Real Estate at Fiera Real Estate Europe, sets out why UK single-family housing represents a natural evolution of institutional investment in living sectors. Against a backdrop of structural undersupply, he highlights the sector’s robust market fundamentals, growing demand and role in delivering new housing supply, with scalable income, professional management and local execution increasingly key to performance - driving single-family housing higher up the agenda for long-term investors.
Photo Charles Allen
Head of European Real Estate