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Surrey Pension Fund Committee - Monday, 14 September 2026 10.00 am

September 14, 2026 at 10:00 am Surrey Pension Fund Committee View on council website

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The Surrey Pension Fund Committee is scheduled to meet on Monday 14 September 2026 to review the performance and financial position of the pension fund. The committee will consider updates on investment performance, responsible investment activities, and the fund's budget. Discussions are also planned regarding the fund's risk management framework and recent developments within the Local Government Pension Scheme (LGPS).

Surrey Pension Team Overview - Quarter 1

The committee is scheduled to receive an overview of the Surrey Pension Team's activities for the first quarter of the financial year, covering April to June 2026. This report will provide a macro-level view of the service, utilising the Surrey Pension Team Dashboard as its primary tool. It will also include brief updates on completed items and previously reported matters.

Investment and Funding Level Update

A report is scheduled to be presented that summarises the fund's investment positioning, activity, and performance. This will include a review of the current funding ratio, which compares the value of the fund's assets to its liabilities. A Part 2 annex is also available for this item.

Responsible Investment Update

The committee is set to review the fund's commitment to responsible stewardship of its assets. This will involve examining votes cast directly by the fund at company meetings and considering the voting and engagement activities of its partners, such as investment managers and the Local Authority Pension Fund Forum (LAPFF).

Review of the Risk Methodology

This item concerns the outcome of a review into the fund's risk methodology. The report details a proposed revised likelihood scoring approach and an expanded impact framework, which has already been considered and endorsed by the Local Pension Board. Committee approval is sought to implement these revisions as part of the fund's risk management framework.

Q1 Budget Monitoring Report 2026/27

The committee will be presented with details of the Pension Fund's financial position for the first quarter of the 2026/27 financial year, as of 30 June 2026. This report will outline the revenue and expenditure budget position.

Summary of the Surrey Local Pension Board

A summary of the administration and governance issues reviewed by the Local Pension Board at its meeting on 21 July 2026 is scheduled for discussion.

Recent Developments in LGPS (Background Paper)

This report will consider recent developments within the Local Government Pension Scheme (LGPS).

Draft Annual Report 2025/26

The committee will receive an update on the production of the Pension Fund Annual Report for 2025/26. The report will include the draft accounts and will be presented in line with guidance from the Scheme Advisory Board.

Implementation of Single Purpose Pension Authority

A report is scheduled concerning the implementation of a single purpose pension authority. This will be discussed in Part 2 of the meeting, indicating that it may involve exempt information.

Surrey Pension Team Business Impact Analysis and Business Continuity Plan

This item, also to be discussed in Part 2, will cover the Surrey Pension Team's business impact analysis and business continuity plan.

Asset Class Focus – Private Markets

A report focusing on private markets is scheduled for discussion in Part 2 of the meeting.

Border to Coast Pensions Partnership Update

An update on the Border to Coast Pensions Partnership is scheduled for discussion in Part 2.

BCPP Multi-Asset Credit Review

A review of BCPP Multi-Asset Credit is also scheduled for discussion in Part 2.

The committee will also consider whether the items discussed in Part 2 should be made available to the public and will confirm the date of the next meeting.

Attendees

Kelvin Menon Co-optee
Profile image for Richard Tear
Richard Tear Conservative Bagshot, Windlesham and Chobham
Nick Harrison  Residents Association
Profile image for Trefor Hogg
Trefor Hogg Conservative Camberley East
Profile image for Robert Hughes
Robert Hughes Conservative Shere
Profile image for George Potter
George Potter Liberal Democrats Guildford East
Profile image for Peter Harp
Peter Harp Nork and Tattenhams Residents' Associations Nork & Tattenhams
Profile image for David Harmer
David Harmer Conservative Waverley Western Villages
Nirmal Kang  Liberal Democrats
Duncan Eastoe

Topics

Surrey Council Climate Action Plan Local Government Pension Scheme (LGPS) Border to Coast Pensions Partnership (BCPP) BCPP Multi-Asset Credit

Meeting Documents

Agenda

Agenda frontsheet Monday 14-Sep-2026 10.00 Surrey Pension Fund Committee.pdf

Reports Pack

Public reports pack Monday 14-Sep-2026 10.00 Surrey Pension Fund Committee.pdf

Additional Documents

08 1 PFC 20260914 Responsible Investment Update.pdf
Item 11 - Annexe 1.pdf
Minutes 29062026 Surrey Pension Fund Committee.pdf
07 1 PFC 20260914 Investment and Funding Level Update.pdf
11 -1-PFC 20260914 Surrey Local Pension Board Summary Report.pdf
13-1- PFC 20260914 Draft Annual Report 2025-26 Cover Report.pdf
05-1-PFC 20260914 Glossary Tracker and Forward Programme of Work.pdf
Item 10 - Annexe 1.pdf
Item 8 - Annexe 1 Surrey Voting Report Q2 2026 Apr-Jun.pdf
06-1-PFC 20260914 Surrey Pension Team Overview Update Report.pdf
Item 13 - Annexe 1.pdf
09-1-PFC-20260914 - Review of Risk Methodology Cover Report.pdf
12-1-PFC-20260914-LGPS-Update-Report.pdf
10-1- PFC 20260914 - Budget Monitoring Report Q1.pdf
Item 5 - Annexe 1.pdf
Item 6 - Annexe 1.pdf
Item 5 - Annexe 2.pdf
Item 9 - Annexe 1.pdf
Item 5 - Annexe 2 Draft Climate-related Financial Disclosures Report 2025-26.pdf
Item 6 - Annexe 2.pdf