The Camden Pension Committee is scheduled to meet on Wednesday, 21 October 2026, to review the performance of the Pension Fund's investments and discuss updates on responsible investment policies. The committee will also consider new statutory guidance on Local Government Pension Scheme (LGPS) fund governance and asset pooling, which will necessitate revisions to the committee's terms of reference and the implementation of a new training strategy.

Responsible Investment Progress Update

The committee will receive an update on the preparations for consultation regarding the Fund's Responsible Investment Policy and Investment Strategy Statement. This report outlines the practical arrangements required to support the implementation of the policy once it has been finalised following consultation. It also provides an update on ongoing work related to responsible investment monitoring and reporting.

Performance Report

This report will present the performance of the Pension Fund's investment portfolio and that of the individual investment managers for the quarter ending 30 June 2026. It will detail financial market returns and the asset allocation of the portfolio, alongside a comparative analysis against the Pensions Investment Research Consultants (PIRC) universe. The report will also include an assessment of individual manager performance against their respective targets.

Engagement Report

The committee is scheduled to review a summary of the Local Authority Pension Fund Forum (LAPFF) engagement activities for April to June 2026. This report highlights work undertaken on climate transition and adaptation, modern slavery, mining, and conflict-affected and high-risk areas. It details company responses and areas requiring further engagement, underscoring how this collective stewardship supports the Fund's responsible investment objectives and the consideration of financially material environmental, social, and governance risks.

Local Government Pension Scheme: New Statutory Guidance on Fund Governance and Asset Pooling

This report will provide an overview of the new statutory guidance on LGPS fund governance, published by the Ministry of Housing, Communities and Local Government (MHCLG) on 29 June 2026. It will summarise the requirements concerning knowledge and understanding, the new LGPS senior officer role, the Independent Person, and Independent Governance Reviews, outlining the actions and timescales the Fund must adhere to. The report will also cover the accompanying statutory guidance on asset pooling and will present the Fund's Training Strategy and the Pension Committee's updated terms of reference for approval. These revisions are intended to reflect the new governance arrangements surrounding asset pooling.