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Investment and Pension Fund Committee - Friday, 18th September, 2026 10.30 am
September 18, 2026 at 10:30 am Investment and Pension Fund Committee View on council website Watch video of meeting Read transcript (Professional subscription required)Summary
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The Investment and Pension Fund Committee of Devon Council met on Friday 18 September 2026, approving the Pension Fund Annual Report and Accounts for 2025/26, a draft Governance Strategy for consultation, and a draft Investment Strategy Statement for consultation. The committee also approved the approach to risk management and the undertaking of procurement exercises for new pension administration software and for consultants to conduct an Independent Governance Review.
Pension Fund Annual Report and Accounts 2025/26
The committee approved and adopted the Pension Fund Annual Report and Accounts for 2025/26. This approval is subject to the Statement of Accounts being approved by the Devon County Council Audit Committee and the completion of the external audit. The committee also approved the submission of the unaudited Pension Fund Annual Report and Accounts to the Financial Reporting Council for assessment against the requirements of the UK Stewardship Code.
Pension Fund Governance
A draft Governance Strategy was approved as a basis for consultation. The committee also approved the undertaking of a procurement exercise to appoint consultants to conduct an Independent Governance Review. This review will utilise the LGPS National Framework for Actuarial, Benefits and Governance Consultancy.
Investment Strategy Statement
The draft Investment Strategy Statement was approved as a basis for consultation.
Pension Administration Software Procurement
The committee approved the undertaking of a procurement process for a new contract to provide pension administration software to Peninsula Pensions. This procurement will be conducted under the National LGPS Framework for Pensions Administration Software.
Pension Fund Risk Management
The committee approved the approach to risk management as set out in the report.
Delegated decisions linked to this meeting
Decision summaries below are AI-generated from the council’s published record. Check the council source or the full decision page before relying on them.
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The Investment and Pension Fund Committee of Devon Council on 18 September 2026 resolved that the minutes of the meeting held 26 June 2026 be signed as a correct record.
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The Investment and Pension Fund Committee of Devon Council on Friday 18 September 2026 resolved that the approach to risk management set out in the report be approved.
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The Investment and Pension Fund Committee of Devon Council on 18 September 2026 resolved that the draft Investment Strategy Statement be approved as a basis for consultation.
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The Investment and Pension Fund Committee of Devon Council on 18 September 2026 resolved to approve and adopt the Pension Fund Annual Report and Accounts for 2025/26, subject to Audit Committee approval and external audit completion. They also approved the submission of the unaudited report to the Financial Reporting Council for assessment against the UK Stewardship Code.
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The Investment and Pension Fund Committee of Devon Council on 18 September 2026 resolved to approve the undertaking of a procurement for a new contract for the provision of pension administration software to Peninsula Pensions under the National LGPS Framework for Pensions Administration Software.
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The Investment and Pension Fund Committee of Devon Council on 18 September 2026 resolved to approve the draft Governance Strategy as a basis for consultation and to approve a procurement exercise for consultants to undertake an Independent Governance Review. This included noting the appointment of the Independent Person.
