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Pensions Investment Committee - Thursday, 18th December, 2025 7.00 pm
December 18, 2025 View on council websiteSummary
The Pensions Investment Committee is scheduled to discuss a range of topics at its upcoming meeting. These include investment proposals, the triennial valuation1 results, updates on pooling investments, feedback from a meeting with Blackrock2, and investment monitoring. Some of these items may be discussed in a closed session, excluding the press and public.
Investment Proposal for LCIV Indirect Real Estate Pooling (IREP) Solution for Schroders
The committee is scheduled to discuss an investment proposal related to the London LGPS CIV3's (LCIV) Indirect Real Estate Pooling (IREP) solution, specifically concerning Schroders4.
Triennial Valuation Initial Results
The committee is scheduled to review the initial results of the triennial valuation. This valuation is a comprehensive assessment of the pension fund's financial health, ensuring it can meet its future obligations to pensioners.
Pooling with LCIV Update
The meeting will include an update on the progress of pooling investments with the London LGPS CIV. This initiative aims to consolidate the investment assets of multiple London borough pension funds to achieve economies of scale and potentially enhance investment performance.
Engagement Feedback from the meeting with Blackrock
The committee is scheduled to discuss feedback received from a meeting with Blackrock. This discussion may cover various aspects of investment strategy, performance, and market outlook, as well as environmental, social, and governance (ESG) factors.
Investment Monitoring Q3 2025
The committee will review the investment monitoring report for the third quarter of 2025. This report provides an overview of the performance of the pension fund's investments, including asset allocation, returns, and risk management.
General Update Report
The committee will receive a general update report covering various aspects of the pension fund's administration and management. The General Update Report December 2025 - part 1 includes:
- Pension Fund Annual Report 2024-25
- Pension Fund Accounts 2024-25
- LGPS fit-for-the-future-technical-consultation
- Pension Fund Risk Register 2025-26 tracked changes
Exclusion of Press and Public
The agenda indicates that the committee may exclude the press and public from certain items of business, as detailed in the Exclusion of the Press and Public document, because they involve the likely disclosure of exempt information as defined in the Local Government Act 1972. The specific items to be discussed in closed session are:
- Investment Proposal for LCIV Indirect Real Estate Pooling (IREP) Solution for Schroders
- Triennial Valuation Initial Results
- Pooling with LCIV Update
- Engagement Feedback from the meeting with Blackrock
- Investment Monitoring Q3 2025
Other Business
The meeting agenda also includes:
- Apologies for absence
- Minutes from the previous meeting
- Declarations of interest
- Date of next meeting
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A triennial valuation is an assessment of the assets and liabilities of a pension fund, conducted every three years to ensure its financial health and ability to meet future obligations. ↩
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BlackRock is a global investment management corporation. ↩
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The London LGPS CIV is the London Local Government Pension Scheme Collective Investment Vehicle, established to pool the assets of London's local authority pension funds to reduce costs and improve investment opportunities. ↩
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Schroders is a British multinational asset management company. ↩
Attendees
Topics
No topics have been identified for this meeting yet.
Meeting Documents
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