The Pension Board is scheduled to consider a range of financial and operational matters concerning the council's pension fund. Key discussions are expected to focus on the proposed Business Plan and Budget for 2026-27, alongside updates on the Triennial Valuation and Funding Strategy Statement.

Business Plan and Budget 2026-27

The meeting agenda includes a review of the proposed Business Plan 2026-29 and Budget 2026-27. This item is expected to outline the strategic direction and financial allocations for the pension fund over the coming years. Supporting documents include Appendix A - Business Plan 2026-29 and Budget 2026-27 and Appendix B - Budget 2025-26 - Pension Fund.

Triennial Valuation and Funding Strategy Statement

A significant portion of the meeting is dedicated to the Triennial Valuation and Funding Strategy Statement Update. This involves assessing the financial health of the pension fund and outlining the strategy to ensure its long-term solvency. The report pack includes Appendix A - Triennial Valuation and Funding Strategy Statement Update and the Funding Strategy Statement Board Version. The triennial valuation is a statutory requirement to assess the pension fund's assets against its liabilities.

Pension Administration Performance and Projects

Updates on pension administration are also scheduled. This includes a Pension Administration Performance Update, which will likely cover key performance indicators related to the management of the pension fund. Additionally, a Pension Administration Projects Update will be presented, detailing ongoing projects, with Appendix A - Pension Administration Projects Update providing further detail. The performance update is expected to include Appendix A - Benefits processing performance data.

Governance and Risk Update

The board will receive a Governance and Risk Update. This report is expected to cover the overall governance framework and risk management strategies for the pension fund. Supporting documents include Appendix A - Governance Risk Update - Risk Register Overview Report, Appendix B - Governance Risk Update - DRAFT Conflict of Interest Policy, and Appendix C - Governance Risk Update - DRAFT Training Policy Strategy.

Investment Strategy and Responsible Investment

Discussions are also scheduled on the Investment Strategy Implementation and the Responsible Investment Update. The latter will include the DRAFT LBS Responsible Investment Policy - March 2026. Responsible investment refers to the integration of environmental, social, and governance (ESG) factors into investment decisions.

Other Business

The agenda also includes a Work Programme Update - Pension Board, a Pension Committee Update, and the 2024-25 Pension Fund Accounts Audit Findings, which includes Appendix A - Sutton Pension Fund - ISA260 final. The meeting will be chaired by Jonathan Bunt. Councillor Sunita Gordon (Lead Member for Resources), Anthony Kramer, Angela Russell, and Kirstie Martin are also listed as members of the Pension Board.

The meeting will commence with a welcome and introductions, followed by the approval of minutes from the previous meeting held on 8 January 2026. There will also be an opportunity to consider any urgent business. The agenda notes that the public and press may be excluded from certain parts of the meeting to discuss exempt information.