The Pensions Committee of Islington Council is scheduled to meet on Tuesday 15 September 2026 to discuss the performance of the Pension Fund, review investment strategies, and consider the council's business plan. The meeting will also cover the fund's progress towards Net Zero targets and the outcomes of a consultation on responsible investment.

Pension Fund Performance and Investment Strategy

The committee's agenda includes a review of the Pension Fund's performance for the period of April to June 2026. This will be informed by reports on the fund's investments and updates from the London Collective Investment Vehicle (LCIV). A key item for discussion will be the draft Investment Strategy Statement, incorporating new regulatory templates. This statement outlines the fund's long-term investment objectives, risk appetite, and approach to responsible investment. The committee will also consider the outcomes of a consultation on the Investment Strategy Statement, specifically regarding responsible investment policies.

Net Zero Considerations and Business Plan

The meeting will address the fund's commitment to Net Zero targets, with a presentation from Mercer detailing the current decarbonisation pathway and exploring potential alternative net zero target dates. The committee will also review the four-year Business Plan, examining its objectives in light of recent reforms to the Local Government Pension Scheme (LGPS). This review will consider how the plan supports the fund's long-term sustainability and value for money.

Annual Report and Forward Work Programme

A draft summary of the Pension Fund's Annual Report for 2025/26 will be presented for review. This report covers the fund's activities, governance, and performance over the past year. Additionally, the committee will consider the forward work programme for the Pensions Committee, outlining planned agenda items and training topics for the upcoming year. This includes a draft training strategy designed to ensure members have the necessary knowledge and skills to effectively oversee the fund's management.

The meeting will also include a review of the Pension Fund's performance from January to March 2026, an update from the London CIV, and a discussion on the Pension Fund's forward work programme.

The following documents are available for attendees:

• Agenda frontsheet 15th-Sep-2026 19.00 Pensions Committee
• Minutes of Previous Meeting
• Public reports pack 15th-Sep-2026 19.00 Pensions Committee