The Pensions Committee of Islington Council is scheduled to consider the performance of the Pension Fund, review the investment strategy, and discuss the results of a consultation on the draft Funding Strategy Statement. Other items on the agenda include an update on the Pension Fund consultation, guidance on LGPS Fit for the Future, and the Pension Fund's forward work programme.

Pension Fund Performance

The committee is set to review the performance of the Pension Fund for the period of October to December 2025. This review will be informed by a report titled PENsctteMar26PERFORMANCEv1.pdf ¹, which is expected to provide detailed information on how the fund has performed financially during this quarter.

Investment Strategy Update and Review

A key item on the agenda is an update and review of the Pension Fund's investment strategy. This discussion will be supported by documents including Appdx1- Apex IslingtonQ42025final.pdf ², which likely contains performance data and analysis related to the fund's investments. Additionally, there are exempt appendices for this item, Investment Strategy update and review - exempt appendices ³, which will be considered separately.

Actuarial Review: Draft Funding Strategy Statement Consultation Results

The committee will consider the results of a consultation on the draft Funding Strategy Statement. This will involve reviewing documents such as PensionrptdraftFSSconsultationMar26.pdf ⁴, which outlines the consultation findings, and Appdx1-ICPF - 2025 Funding Strategy Statement DRAFT.pdf ⁵, the draft statement itself. A summary of key changes to the Funding Strategy Statement is also provided in Appdx1a-ICPF - Summary of key FSS changes Jan 26 Draft.pdf ⁶. The Funding Strategy Statement is a crucial document that outlines how the pension fund will meet its long-term liabilities.

LGPS Fit for the Future Draft Guidance

The committee is scheduled to discuss the LGPS Fit for the Future draft guidance. This guidance, detailed in pensionlgpsfit for futuredraft guidancemar26.pdf ⁷, is likely to address proposed changes and best practices for Local Government Pension Schemes (LGPS) across the country. The agenda also indicates that there are draft pooling guidance documents (Appdx3 -251205 Draft Pooling guidance.pdf ⁸), draft fund governance guidance (Appdx1-251205 draft Fund Governance guidance.pdf ⁹), and draft investment strategy statement (ISS) guidance (Appdx 2-251205 Draft ISS Guidance.pdf ¹⁰) that may be relevant to this discussion.

Pension Fund Forward Work Programme

A review of the Pension Fund's forward work programme is also on the agenda, as detailed in pensionforwardprogrammar26.pdf ¹¹. This item will likely outline the committee's priorities and planned activities for the upcoming period.