“If we are to set the LGPS on the right path to reform, we must be bold and ambitious. While change is always challenging, the sector widely recognises that reform is overdue, so we must tackle the issues head-on,” he said. DisconnectHis comments were followed by Paul Myles, head of LGPS at Schroders, who presented key highlights of the latest Room151 LGPS Investment Survey produced by Room151 in collaboration with Schroders. This, he noted, necessitates a “change of mindset” among LGPS practitioners, as “volatility is now the enemy”. The panel then discussed the role of real estate in providing local investment opportunities for LGPS investors, with affordable housing in the UK cited as one example.
