The Local Pension Board of Bromley Council is scheduled to convene on Monday 2 November 2026. The meeting's agenda includes a review of the Pension Fund's performance, the annual report for the 2025/26 financial year, and updates from the Pensions Committee.

Pension Fund Performance Monitoring

The Board is set to receive a performance monitoring report for the 2026/27 year to date. This report will provide information to help the Board assess whether the Bromley Pension Fund is complying with its obligations regarding the governance and administration of public sector pension schemes, as outlined in The Pensions Regulator's Code of Practice. The report will also detail the procedures and policies in place to monitor the performance of Liberata, the Fund's administrator, and will present Liberata's current performance levels.

Report from the Pensions Committee

A significant item on the agenda is the report from the Pensions Committee meeting held on 27 August 2026. This report will cover the Pension Fund's performance for the first quarter of 2026/27, general financial and membership trends, and key developments expected in the Local Government Pension Scheme (LGPS) over the next five years. The Board will also receive the Pension Fund Annual Report for 2025/26, which details the administration and performance of the Fund during that financial year.

Local Pension Board Annual Report

The Board will consider its own draft annual report for 2025/26. This report, a requirement under the Board's Terms of Reference, will be provided to the Pensions Committee and Full Council for noting. It will include a summary of the Board's work, details of any concerns raised and recommendations made, information on training received, and any identified training needs. Alongside the annual report, the Board will also review its draft work plan for 2026/27.

Training on LGPS Developments

The Board is scheduled to undertake training on LGPS developments. This training is intended to ensure Board members maintain the necessary knowledge and understanding to support the Board's functions, which include assisting the Administering Authority in securing compliance with LGPS regulations and ensuring the effective and efficient governance and administration of the Scheme.

Pension Fund Annual Report 2025/26

The Board will review the Pension Fund Annual Report and Accounts for the 2025/26 financial year. This report, which has been approved by the Pensions Committee, sets out details of the administration and performance of the London Borough of Bromley Pension Fund. It is subject to external audit, and any necessary revisions will be made prior to finalisation. The report includes key governance documents such as the Governance Policy Statement, Funding Strategy Statement, and Investment Strategy Statement.