LGIM
Councils are discussing LGIM's role in affordable housing investments and as a potential manager for passive global equity mandates.
Kingston Pension Fund allocated £100 million to Legal and General's Affordable Housing Fund in March 2026, via the LCIV UK Housing Fund. This investment supports the fund's updated Responsible Investment Policy, which includes a 10% commitment to impact investments for positive social and environmental outcomes alongside financial returns.
Westminster Pension Fund Committee considered LGIM as a preferred option for reinvesting £398 million into a passive global equity mandate in July 2025. This decision followed the committee's resolution in June 2025 to divest from the LCIV Global Alpha Growth Fund – Paris Aligned due to prolonged underperformance.
LGIM, an investment manager, is being considered by local authority pension funds as they review their portfolios and investment strategies. No upcoming council meetings are currently listed with LGIM on the agenda, but councils continue to assess investment managers for various mandates.
Key facts
- Kingston Pension Fund invested £100 million in Legal and General's Affordable Housing Fund in March 2026. Source
- Kingston Pension Fund's updated Responsible Investment Policy (March 2026) allocates 10% to impact investments. Source
- Westminster Pension Fund Committee considered LGIM as a preferred option for reinvesting £398 million in July 2025. Source
- Westminster Pension Fund Committee resolved to divest from the LCIV Global Alpha Growth Fund – Paris Aligned in June 2025. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.