The Pension Committee of Croydon Council is scheduled to meet on Tuesday, 9 December 2025, to discuss a range of issues related to the management and performance of the Croydon Pension Fund. These include updates on the Collective Investment Vehicle for London Local Authorities Pension Funds, contractual arrangements with the London CIV, responsible investment, key performance indicators, breaches of the law, the risk register, investment strategy and the Local Government Pension Scheme Advisory Board. Some of these discussions, specifically those relating to investment strategy, are expected to be held in private.

Contractual Arrangements with the London CIV

The committee is scheduled to discuss the contractual arrangements that need to be in place with the London CIV ¹ by 31 March 2026. The report pack states that legislation will require the Croydon Pension Fund's assets to be transferred under Pool management from that date, as part of the requirements of 'Fit for Future'. The report asks the Committee to delegate the implementation of these contractual arrangements to the Corporate Director of Resources (Section 151 Officer) and the Head of Pensions & Treasury.

The Collective Investment Vehicle for London Local Authorities Pension Funds

The Pension Committee is scheduled to receive an update on the developments of the Local Government Pension Scheme (LGPS) reform arising from the government's consultation titled Fit for the future and consequent developments, specifically in the London CIV. The Collective Investment Vehicle for London Local Authorities Pension Funds Update is intended to advise the Committee of the latest known position in respect of these developments.

Responsible Investment

The Committee is scheduled to discuss how the London CIV will potentially manage the approach to Responsible Investment of its Partner Funds under pooling regulations applicable from 1 April 2026. The London CIV - Responsible Investment report is intended to advise the Committee on this matter.

Croydon Pensions Administration Team: Key Performance Indicators and Pensions Dashboard Reporting

The Croydon Pensions Administration Team Key Performance Indicators and Pensions Dashboard Reporting for the Period August 2025 to October 2025 report sets out the Key Performance Indicators, measured against the legal requirements for the administration of the Local Government Pension Scheme for the three-month period up to the end of October 2025.

Review of Breaches of the Law

The Committee is scheduled to review the current Breaches of the Law log Extract for the Pension Fund. The Review of Breaches of the Law report highlights any changes made since the last review carried out at the Pension Committee meeting held on 16 September 2025.

Review of Risk Register

The Committee is scheduled to review the current Risk Register for the Pension Fund. The Review of Risk Register report highlights any changes made since the last review carried out at the Pension Committee meeting held on 10 June 2025.

Part A Progress Report for the Quarter Ended 30 September 2025

The Part A Progress Report for the Quarter Ended 30 September 2025 is scheduled to update the Pension Committee on the Fund's Investments and current funding position for the quarter to 30 September 2025. The report is divided into four sections:

• Performance against strategic goals.
• The asset allocation strategy and how that is being applied, specifically current and planned investments.
• Risk management.
• Updates from any recent investment manager meetings.

Local Government Pension Scheme Advisory Board / The Pensions Regulator Update

The Local Government Pension Scheme Advisory Board / The Pensions Regulator Update report is scheduled to advise the Committee of the matters currently being considered by the Local Government Pension Scheme Advisory Board ² and The Pensions Regulator ³ which are relevant to the Fund. The report notes that any implications for the Fund have been noted and are being addressed in consultation with Fund advisers.

Exclusion of the Press and Public

The Committee is expected to exclude the press and public from the meeting for the following items of business:

• Part B - Investment Strategy Review 2025
• Part B – Progress Report for Quarter Ended 30 September 2025

This is on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.

Other items

The agenda also includes:

• Apologies for Absence
• Approval of the Minutes of the Previous Meeting held on Tuesday 16 September 2025
• Disclosure of Interests
• Urgent Business (if any)