The Wiltshire Pension Fund Committee met on Thursday 18 June 2026 to discuss the fund's responsible investment performance, investment manager fees, and updates on investment pooling arrangements. The meeting also included a review of the fund's investment performance and future governance arrangements.

Responsible Investment Update & Progress Report

The committee was scheduled to receive an update on the Wiltshire Pension Fund's quarterly responsible investment performance. The report detailed progress against actions in the Responsible Investment Plan 2025/26, including climate scenario modelling, social and affordable housing impact reports, and stewardship activities. The report also highlighted the fund's stewardship activities, such as engagement with companies like Nestlé regarding physical climate risks, and noted that the fund had not received any public enquiries regarding responsible investment since the start of the calendar year. The fund's commitment to a global warming scenario of well below 2°C and achieving net-zero carbon emissions by 2050 was reiterated.

Investment Manager Fee and Costs

An update was scheduled to be provided on the investment manager fee and costs for the year ending 31 March 2026. The report indicated that the total cost associated with managing the fund's investments was £36.6 million, a decrease from the previous year. The report detailed management fees, performance fees, and transaction costs across various asset classes, including active equity, passive equity, gilts, private markets, property, and active debt. The committee was asked to use this report to monitor the fund's investment management fees and costs.

Future Governance Arrangements

The meeting was set to include a presentation and training from Jeff Houston on Single Purpose Pensions Authorities. This topic is part of ongoing discussions within the Local Government Pension Scheme (LGPS) regarding its future governance structures.

Quarterly Investment Update

A report was scheduled to be presented regarding the fund's investment performance. This would have provided an overview of how the fund's investments have performed.

Training on Pool Oversight

The committee was scheduled to receive training from Gallagher on the committee's responsibilities for overseeing the LGPS Central Pool. This training would have focused on the governance and oversight duties related to the pooled investment arrangements for LGPS funds.

Investment Pooling Update

An update was planned concerning changes to the Pooling Arrangements for the Wiltshire Pension Fund. This would have provided information on the current status and any upcoming developments related to the fund's participation in investment pooling.

LGPS Central Committee Update

A presentation from LGPS Central was scheduled to cover developments within the organisation and how these developments are intended to help the fund meet its long-term investment objectives and Strategic Asset Allocation (SAA).

Election of Vice-Chairman

The committee was scheduled to elect a Vice-Chairman for the 2026/27 term.

Part I Minutes of Previous Meetings

The public minutes of the previous meeting, held on 26 March 2026, were to be approved and signed.

Review of Actions Arising from Previous Meeting(s)

Progress on actions requested by the committee in previous meetings was to be reviewed.

Public Participation

The agenda allowed for public participation through statements and questions from members of the public and councillors.

Date of Next Meeting

The dates for the next two committee meetings were to be determined: an administration-focused meeting on 30 July 2026 and an investment-focused meeting on 24 September 2026.