The Pensions Committee is scheduled to meet on Monday 27 July 2026 to discuss the introduction of London CIV, training on investment strategy and stewardship, and to review previous meeting minutes. The meeting will also include discussions on exempt items, which will be held in private.

Introduction to London CIV

The committee is scheduled to receive an introduction to London CIV, the investment pool for Local Government Pension Schemes (LGPS) in London and Buckinghamshire. This session will cover the implications of the Fit for the Future reforms, which mandate that all LGPS assets be managed through FCA-regulated pooling companies. London CIV will become the legal investment manager for Hackney Pension Fund's assets, with the Pension Committee retaining responsibility for setting the investment strategy. The report highlights that London CIV will provide advice on strategic asset allocation, investment implementation, portfolio design, responsible investment, and local investment delivery.

Training: Investment Strategy and Asset Allocation

A training session is scheduled to cover the Fit for the Future reforms and their impact on the Investment Strategy Statement (ISS) and asset allocation. This training will explore various asset classes, including listed equity, private equity, private credit, property, infrastructure, and bonds. It will also delve into the principles of responsible investment, climate targets, and local investment strategies. The session aims to equip committee members with the knowledge to understand the fund's expected returns, risk exposure, liquidity, and how these align with the overall investment objectives.

Training: Introduction to Stewardship

The committee will also receive training on stewardship, which refers to the responsible allocation, management, and oversight of capital to create long-term sustainable value. This session will explain how stewardship activities, such as voting, engagement, and escalation, are undertaken across different asset classes, with a particular focus on listed equities. The role of the committee in setting investment beliefs and stewardship policy, while the pool and investment managers implement these, will be clarified. The training will also address the relationship between stewardship and Environmental, Social, and Governance (ESG) factors, emphasizing that ESG issues influence long-term investment risk and return and are linked to fiduciary duty.

Consideration of Minutes

The committee is scheduled to consider and approve the unrestricted minutes of its previous meeting held on 24 June 2026. Additionally, the unrestricted minutes of the Pensions Board meeting held on 26 March 2026 are scheduled to be noted.

Exempt Items

The agenda includes provisions for excluding the press and public to consider exempt items, specifically the exempt minutes of the previous meeting and urgent restricted business. These discussions are likely to involve the disclosure of exempt information as defined in the Local Government Act 1972.