The Pension Fund Committee of Barnet Council is scheduled to consider a range of financial and strategic reports. Key discussions are expected to focus on the external audit and accounts, the performance of the pension fund's investments, and the triennial valuation of the fund.

External Audit and Accounts

A significant portion of the meeting's documentation is dedicated to the External Audit and Accounts. This report pack includes the 2024-25 Pension Fund Annual Report and Barnet PF AFR 2025 February 2026. These documents will likely provide a detailed overview of the pension fund's financial position and the outcomes of its external audit for the past financial year.

Pension Fund Investment Performance

The committee is set to review the Pension Fund Investment Performance Report, which includes Appendix B - Q4 2025 Investment Monitoring Report (public). This report will offer insights into how the pension fund's investments have performed, particularly in the final quarter of 2025.

2025 Triennial Valuation

A crucial item on the agenda is the 2025 Triennial Valuation Report. This valuation is a statutory requirement that assesses the financial health of the pension fund every three years, determining whether the assets are sufficient to meet future pension liabilities.

Investment Strategy Statement

The Investment Strategy Statement is also scheduled for discussion. This document outlines the overarching approach to managing the pension fund's assets, including its objectives, risk tolerance, and asset allocation.

Fit for the Future Update

The committee will receive an update on the Fit for the Future initiative. This likely refers to a strategic review aimed at ensuring the long-term sustainability and effectiveness of the pension fund's operations and governance.

Training Strategy and Policy

A Training Strategy and Policy is also on the agenda, with a draft version provided as Appendix A - Draft Training Strategy and Policy. This document will detail the proposed approach to training for committee members and relevant staff, ensuring they have the necessary knowledge and skills to fulfil their roles.

Pension Fund Committee Work Programme

The Pension Fund Committee Work Programme will be presented for review. This outlines the planned activities and topics for future meetings of the committee.

Exit Credit Payments

The committee is also scheduled to consider Exit Credit Payments. These payments typically relate to the transfer of assets or liabilities when an employer leaves a multi-employer pension scheme.

The meeting will be chaired by Councillor Rishikesh Chakraborty, with Councillor Anne Hutton serving as Vice Chair. Other members of the Pension Fund Committee attending include Councillor Edith David (Deputy Mayor), Councillor Andreas Ioannidis, Councillor Nick Mearing-Smith, and Councillor Elliot Simberg.