The Pension Board was scheduled to consider its business plan for the upcoming year, review the annual report for the previous financial year, and receive updates on fund manager performance and investment strategies. The meeting was also scheduled to include training for new members on private markets.

Training on Private Markets

Members of the Pension Board were scheduled to receive training from Blackrock on pension fund investments, specifically focusing on private markets. This session was intended to equip new members with knowledge in this area, with accompanying slides provided in an appendix. A paper quiz related to the training was also scheduled to be completed and handed in at the end of the meeting.

Business Plan 2026/27

The Board was scheduled to agree its Business Plan for 2026/27. This plan was intended to outline the key workstreams for the Pension Fund, covering areas such as the publication of reports and policies, annual accounts, audit cycles, legislative requirements, member communications, consultations, funding, and investment performance. The plan was also intended to ensure the Fund operates effectively and efficiently for its members and employers, and to set a clear strategy for strong governance. The report highlighted that the Pension Fund has established a net zero target date of 2040, with a commitment to explore options for reaching this target more quickly, and that the business plan would provide a framework for reviewing progress towards this goal and reporting on environmental, social, and governance (ESG) risks and opportunities.

Annual Report of the Local Pension Board 2025/26

The Board was scheduled to agree its Annual Report for 2025/26 and recommend that it be presented to the Pension Fund Investment and Administration Panel for consideration in September. The report was intended to demonstrate how the Board had fulfilled its duty to secure effective and efficient governance and administration of the Local Government Pension Scheme (LGPS) for the Royal Borough of Greenwich Pension Fund. The annual report was designed to identify if the Board was working within its Terms of Reference and to highlight any areas for improvement.

Pension Fund Risk Register

The Board was scheduled to note the section of the Pension Fund Risk Register that covers Employer and Investment Risks. This register is a key tool for managing risk within the Fund, incorporating assessments of the likelihood and impact of risk events, as well as existing control measures and overall risk scores. The report indicated that no risks within the Employer and Investment Risks section currently required senior management monitoring and that all areas remained within acceptable parameters.

Pension Panel Meeting Activity

The Board was scheduled to note the minutes of the Pension Investment and Administration Panel meetings held on Monday 30 March 2026. These minutes were intended to provide an overview of the discussions and decisions made by the Panel, which oversees the Fund's investments and administration. Key items noted in the minutes were the updated Funding Strategy Statement and the 2025 actuarial valuation, the FRC Stewardship Code Compliance Report 2025, changes to the Pension Fund Responsible Investment (RI) Survey and Policy, the Pension Fund Investment Strategy Statement 2026, the Pension Fund Risk Register, and Fund Manager Performance to 31 December 2025.

London CIV Update

The Board was scheduled to note the contents of a report providing an introduction to London CIV and its role in supporting the Fund's investment strategy. London CIV is the asset pooling vehicle for London Local Government Pension Scheme (LGPS) funds, managing approximately £60 billion of assets on behalf of its Partner Funds. The report was intended to outline London CIV's structure, services, investment approach, and progress to date, including its role in supporting responsible investment and delivering local and UK-focused investments.

Fund Manager Performance to 31 March 2026

The Board was scheduled to note a report on the performance of the Royal Borough of Greenwich Pension Fund's investment managers for the period ending 31 March 2026. This report, prepared by the Fund's investment consultant Hymans Robertson, was intended to provide an overview of the performance of various asset classes and individual investment managers. The report indicated that over Q1 2026, the overall Fund's assets increased slightly, but the return was a slight miss against the composite benchmark. The report also detailed market conditions, including inflation trends, interest rate expectations, and the performance of global equities, bonds, and property.

Fund Manager Presentation on ESG - Blackrock

The Board was scheduled to receive a presentation from Blackrock focusing on its environmental, social, and governance (ESG) activities. This presentation was intended to provide an update on Blackrock's approach to assessing climate-related risks and opportunities, and its engagement with investee companies to promote responsible business practices. This was a follow-up to previous presentations on ESG work given by Blackrock in December 2023 and March 2025.