The Pensions Committee of Hackney Council met on Wednesday 21 January 2026, approving several recommendations regarding pension fund management, investments, and governance. Key decisions included the approval of the LGPS 'Fit for the Future' update, the admission of Buckinghamshire Pension Fund to the LCIV Pool, and the adoption of an updated Voting Policy for responsible investment.

Buckinghamshire Pension Fund Admission to the LCIV Pool

The committee approved the admission of Buckinghamshire Pension Fund as a new member of the Local Government Pension Scheme (LGPS) pooled investment vehicle, the Local Government Investment Pool (LCIV). This decision involved agreeing to changes in the Shareholder Agreement and the company's Articles, as well as approving changes to share capital, including the issuing of shares. The LCIV is a collective investment scheme established by local government pension funds to achieve economies of scale and improve investment outcomes.

Responsible Investment Working Group (RIWG) Update

The committee received an update from the Responsible Investment Working Group (RIWG) and agreed to an updated Voting Policy. This policy, which outlines how the pension fund's votes will be exercised at company shareholder meetings, will be implemented by the Group Director Finance & Corporate Resources in conjunction with the Chair and Vice Chair of the committee. The RIWG plays a crucial role in ensuring the pension fund's investments align with environmental, social, and governance (ESG) principles.

LGPS 'Fit for the Future' Update

The committee approved recommendations related to the LGPS 'Fit for the Future' initiative. This initiative aims to reform the Local Government Pension Scheme in England and Wales to ensure its long-term sustainability and efficiency. While specific details of the update were not fully elaborated in the public documents, the approval signifies the council's commitment to adapting to the proposed changes within the LGPS framework.

Quarterly Governance Update

A quarterly governance update was presented to the committee, which included noting changes to the Risk Register. The committee also approved the draft Administering Authority Privacy Statement. This statement outlines how the pension fund handles personal data in compliance with data protection regulations, such as the UK General Data Protection Regulation (UK GDPR).

Quarterly Administration Update

The committee noted the quarterly administration update, which covered Administration Performance Monitoring for the quarter ending September 2025, LGPS Regulatory Updates, and progress on the administration migration project. Updates on other pension administration areas, such as pension saving statements, were also reviewed.

Fund Manager Internal Control Update

A verbal update on fund manager internal controls was provided and noted by the committee. This ensures that the processes and systems in place for managing the pension fund's investments are robust and effective.

Investment Consultancy Objectives & Contract Extension

The committee approved recommendations concerning investment consultancy objectives and a contract extension. This relates to the services provided by external consultants who advise on the pension fund's investment strategy and management.

Urgent Restricted Business - Investment Objectives and Investment Strategy Statement

The committee approved an urgent, restricted business item concerning the Investment Objectives and Investment Strategy Statement. This statement sets out the overarching goals and approach for managing the pension fund's assets.