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Pension Investment Sub-Committee - Thursday, 18 June 2026 - 9.30 am

June 18, 2026 at 9:30 am Pension Investment Sub-Committee View on council website

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Summary

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The Pension Investment Sub-Committee of Worcestershire Council is scheduled to review investment performance and strategic asset allocation. The meeting will also cover specific fund performance updates and a presentation on an equity protection governance framework.

Pensions Investment Performance Update

The sub-committee is scheduled to receive an update on the overall performance of the Worcestershire Pension Fund's investments. This report covers a period of 68 pages and will likely detail the financial returns and key metrics of the fund's various holdings.

Strategic Asset Allocation Review 2025

A comprehensive review of the Worcestershire Pension Fund's strategic asset allocation for 2025 is scheduled for discussion. This extensive report, spanning 79 pages, will likely examine how the fund's assets are distributed across different investment classes and consider any necessary adjustments to align with long-term objectives. Strategic asset allocation is a key process for pension funds, aiming to balance risk and return over time.

Nomura Far East Developed Equities and Emerging Markets Active Manager Performance Review

The performance of the Nomura Far East Developed Equities and Emerging Markets Active Manager within the Worcestershire Pension Fund is set to be reviewed. This agenda item, detailed across 35 pages, will focus on the specific returns and management of these particular investment mandates.

LGPS Central (LGPSC) Global Sustainable Active Equities and All World Equity Climate Multi Factor Fund Performance Update

An update on the performance of the LGPS Central (LGPSC) Global Sustainable Active Equities and All World Equity Climate Multi Factor Fund is scheduled. This report, covering 17 pages, will provide information on this specific fund's performance, likely focusing on its environmental, social, and governance (ESG)1 factors and its equity performance.

Proposed Equity Protection Governance Framework Presentation: LGPS Central

A presentation is scheduled regarding a proposed Equity Protection Governance Framework from LGPS Central. This item, detailed in a 4-page document, will likely outline new strategies or policies related to managing equity investments and protecting the fund from market volatility. LGPS Central is an investment management service for Local Government Pension Schemes2.

Novum Investment Management Shaped Equity Update

The sub-committee is scheduled to receive an update on Novum Investment Management's Shaped Equity. This brief report, comprising two pages, will likely provide a concise overview of the performance and strategy of this particular investment managed by Novum Investment Management.


  1. ESG stands for Environmental, Social, and Governance. It is a set of standards for a company's operations that socially conscious investors use to screen potential investments. 

  2. The Local Government Pension Scheme (LGPS) is a defined benefit pension scheme for local government employees in the UK. LGPS Central is an asset pool established by several LGPS funds to manage their investments more efficiently. 

Attendees

Profile image for Councillor Louis Stephen
Councillor Louis Stephen Vice-Chair of Pensions Committee Vice-Chair of Pension Investment Sub-Committee Green Party
Profile image for Councillor Linda Robinson
Councillor Linda Robinson Chair of Pensions Committee Chair of Pension Investment Sub-Committee Conservative

Topics

equity protection governance framework Strategic Asset Allocation Review 2025 LGPS Central (LGPSC) Worcestershire Council Novum Investment Management Nomura

Meeting Documents

Agenda

Agenda frontsheet 18th-Jun-2026 09.30 Pension Investment Sub-Committee.pdf
Appendices to Agenda item 10 and 11 - Exempt 18th-Jun-2026 09.30 Pension Investment Sub-Committee.pdf

Reports Pack

Public reports pack 18th-Jun-2026 09.30 Pension Investment Sub-Committee.pdf