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.
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.




