The Pensions Investment Committee of Lewisham Council is scheduled to convene on Tuesday, 17 March 2026. The meeting's agenda includes a review of the Investment Strategy Statement, updates on responsible investment initiatives, and discussions regarding the pooling of assets with the London Collective Investment Vehicle (LCIV).

Investment Strategy Statement Update

A significant portion of the meeting is dedicated to the Investment Strategy Statement (ISS) for the Lewisham Pension Fund. The report outlines proposed updates to the ISS, reflecting changes following the 2025 actuarial valuation. Key revisions include modest adjustments to the strategic asset allocation, the introduction of wording on local investment, and the formal recognition that from 1 April 2026, the London Collective Investment Vehicle (LCIV) will assume primary responsibility for managing and monitoring all of the Fund's assets. The ISS also consolidates references to the Fund's expanded suite of responsible investment policies, including Responsible Investment Beliefs, the Net Zero Policy, and Stewardship arrangements. The Committee is asked to approve this updated Investment Strategy Statement.

Responsible Investment and Member Survey Update

This report details the findings of a member survey conducted to inform the Fund's responsible investment policies. The survey received 1,015 responses, indicating a strong alignment between member views and the Fund's existing Responsible Investment Beliefs, Engagement Policy, and Carbon Transition to Net Zero Policy. Members generally emphasised the importance of considering environmental, social, and governance (ESG) factors while maintaining the Fund's financial objectives. The report proposes modest policy refinements based on these findings and seeks approval for changes to the Responsible Investment (RI) Beliefs policy, the Engagement Policy, and the Carbon Transition to Net Zero Policy.

General Update Report – Part One

This report provides a consolidated update on key areas of work relating to the Lewisham Pension Fund. It includes progress made in response to a Council motion from July 2025 concerning pension investments linked to occupied territories or human rights abuses. Updates from the pensions administration team, developments in the transition to investment pooling with the London Collective Investment Vehicle (LCIV), and a summary of recent Pension Board activity are also scheduled for discussion. The Committee is asked to note the contents of this report.

Pooling with the London CIV

The meeting agenda includes a report on the pooling of assets with the London Collective Investment Vehicle (LCIV). This item is scheduled for discussion in a closed session, with the press and public excluded. The report is expected to detail the progress of preparations for pooling with LCIV ahead of the 31 March 2026 deadline.

Investment Monitoring Q4 2025

A report on investment monitoring for the fourth quarter of 2025 is also scheduled for discussion in a closed session. This item will likely provide an overview of the performance of the Fund's investments during the final quarter of 2025.

Other Items

The agenda also includes the confirmation of the minutes from the previous meeting and a declaration of interests by members. The date of the next meeting will also be noted.