Here is a summary of the scheduled discussions for the Hounslow Council Pension Board meeting on 5 November 2025. The agenda included a review of past meeting minutes, updates on the Pension Board's forward plan, monitoring reports, and the administration performance of the pension fund. Also scheduled were discussions around compliance with the Pensions Regulator's General Code of Practice and investment pooling.

Public Minutes and Action Log

The public minutes from the Pension Board meetings held on 22 April 2025 and 16 July 2025 were scheduled for review. The April minutes were included for ratification. The board was also expected to review the action log to monitor the progress of responses, actions and outcomes relating to recommendations and requests made in previous meetings.

Pension Board Forward Plan 2025-26

The Pension Board Forward Plan 2025-26 was up for discussion, with a request for the board to adopt the work programme, identify any other areas for consideration, and note the training update and training log attached as an appendix. The training log included details of training events attended by Councillor Jagdish Sharma, Councillor Butt, Councillor Dhaliwal, Councillor Farmahan, Councillor Grewal, Councillor Kiani, Councillor Rajawat, Councillor Todd, Mike Smith, John Wiffen, Yvonne Thompson, Hitesh Sharma, Mike Docherty and Andy Evans.

Pension Board Monitoring Report

The Pension Board Monitoring Report was scheduled to be discussed. It included the minutes from the Pension Fund Panel meeting on 22 October 2025, breaches and late payments, an update on the Pensions Dashboard Programme¹, and an update on the 2025 actuarial valuation, including the Funding Strategy Statement Engagement Plan. A new consultation on LGPS scheme improvements was also included for discussion.

The monitoring report included a late payment register, which listed employers who had made late payments to the fund between 1 April 2025 and 30 June 2025. These included Atlas (Heston School), Atlas (Lampton School), Atlas (Market Orderlies), Brentford School, Lampton School, Marston Holdings, Music Service, Olive Dining (Our Lady), Olive Dining (St Lawrence), Olive Dining (St Marys), Olive Dining (St Michael & St Martin), Olive Dining (The Rosary) and Rise School.

The report also included a draft outline of the Funding Strategy Statement Engagement Plan 2025, which outlined the approach for consulting stakeholders on the draft Funding Strategy Statement for the London Borough of Hounslow Pension Scheme. Stakeholders to be consulted included participating employers, scheme members, local authority representatives, the Department for Education (DfE), the actuary and investment advisors, the Pension Fund Panel, and the Local Pension Board.

Pension Fund Administration Performance Report

The Pension Fund Administration Performance Report from West Yorkshire Pension Fund (WYPF) was scheduled for discussion. The report covered performance and benchmarking of the administration service from 1 April 2025 to 30 June 2025. The report also provided a technical update on regulatory changes and current issues affecting the Local Government Pension Scheme (LGPS) Administration.

The report included a Key Performance Indicator (KPI) Narrative, an age profile of the scheme, customer survey results, and a summary of current technical issues.

TPR General Code of Practice (GCOP) Review

The meeting included a review of the Pension Regulator's General Code of Practice (GCOP). The report included a compliance report and a scorecard summary. The aim of the review was to assess compliance with the TPR General Code of Practice.

Compliance with Investment Review (Pooling) and Good Governance Guide

The Pension Board was scheduled to discuss compliance with the Investment Review (Pooling) and Good Governance Guide. The report for discussion related to the government's requirement to transfer assets to the London CIV or under the management of the London CIV by the regulatory deadline of March 2026.

Exclusion of Press and Public

Finally, there was an item to exclude the press and public to discuss the draft decisions of the Pension Fund Panel meeting held on 22 October 2025.