The Pension Committee of Camden Council met on Thursday 16 July 2026 to review the performance of the Pension Fund's investments and discuss the progress of the London Collective Investment Vehicle (CIV). The meeting also covered the fund's engagement activities, business plan, and future training opportunities for committee members.

London Collective Investment Vehicle (CIV) Progress Report

The committee was scheduled to receive an update on recent developments at the London Collective Investment Vehicle (CIV). This report was intended to provide information on the progress of asset pooling, which aims to achieve greater efficiencies and cost savings within the Local Government Pension Scheme (LGPS). The update was expected to cover mandate transitions, current pooling levels, and the implementation of future regulatory requirements. The report also touched upon the development of investment solutions available to partner funds and the approach to implementing strategic asset allocations through pooled structures. Furthermore, progress towards enhanced performance reporting capabilities through the CIV was to be discussed.

Engagement Report

A report was scheduled to update members on the engagement activity undertaken by the Pension Fund and its behalf by the Local Authority Pension Fund Forum (LAPFF). This work is considered important for the Fund's ambition to be a fully engaged investor and demonstrates its commitment to Responsible Investment and engagement in Environmental, Social, and Governance (ESG) issues. The report was expected to highlight achievements during the quarter and detail engagement with various companies. Key themes in engagement included strengthening shareholder oversight of climate transition plans, addressing systemic water and pollution risks, escalating concerns on conflict-affected human rights, and improving supply chain transparency.

Performance Report

The committee was scheduled to review the performance of the Pension Fund's investment portfolio and that of individual investment managers for the quarter ended 31 March 2026. The report was expected to present key headlines on fund performance, including market returns and asset allocations. It would also provide a detailed insight into manager performance, highlighting contributions and areas of underperformance. The report aimed to assess how the fund's investments were performing against their respective targets and benchmarks.

Business Plan

The committee was scheduled to consider the business plan for the upcoming financial year. This report was intended to outline items scheduled for future agendas, as well as detail training and meetings attended by members and officers. The plan aimed to provide a forward-looking overview of the committee's work and highlight opportunities for professional development to ensure members remain informed on upcoming topics and regulatory changes.

Terms of Reference of the Pension Committee

The committee was scheduled to note its Terms of Reference. These outline the committee's general responsibilities, including acting as Trustees of the Council's Pension Fund, administering pension investments, and ensuring appropriate training for members. Specific responsibilities related to investment strategy, manager review, and monitoring liabilities were also detailed. The terms also emphasised the importance of considering environmental, social, and governance (ESG) issues in all investment functions.