The Pension Investment Sub-Committee of Worcestershire Council met on 27 October 2025. The meeting's agenda included an update on the Investment Strategy and Asset Allocation for 2025, as well as the confirmation of minutes from previous meetings. The public and press may have been excluded from a portion of the meeting during the discussion of exempt information.

Investment Strategy and Asset Allocation 2025 Update

The sub-committee was scheduled to discuss and review the Investment Strategy and Asset Allocation for 2025. The report pack included 62 pages of information pertaining to this item.

Exclusion of Public and Press

The sub-committee was to consider excluding the public and press from the meeting for a specific item. The reason cited for this potential exclusion was that the discussion was likely to involve exempt information relating to the financial or business affairs of any particular person (including the local authority holding that information) . This relates to Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972¹.

Other items

The agenda also included:

• Apologies for absence.
• Declarations of interest from councillors. Councillors were reminded of the two types of interests: 'Disclosable pecuniary interests' and 'other disclosable interests'.
• Public participation.
• Confirmation of the minutes of the meetings held on 15 and 16 September 2025.