The Pension Committee of Camden Council was scheduled to consider updates on responsible investment, the performance of the Pension Fund's investments, and engagement activities with companies. The meeting was also scheduled to address new statutory guidance on Local Government Pension Scheme (LGPS) fund governance and asset pooling.

Responsible Investment Progress Update

The Committee was scheduled to receive an update on preparations for a consultation regarding the Fund's Responsible Investment Policy and Investment Strategy Statement. The report was scheduled to outline the practical arrangements needed to support the implementation of the policy following consultation and finalisation. It was also scheduled to provide an update on existing monitoring arrangements and exploratory discussions about tools that could support oversight of responsible investment across the Fund's portfolio. The report was for noting, with no approval sought for a monitoring tool, procurement, or implementation at this stage.

Performance Report

A report was scheduled to present the performance of the Pension Fund's investment portfolio and that of individual investment managers for the quarter ended 30 June 2026. This report was scheduled to include detailed information on financial market returns and the performance of various asset classes, such as global equities, fixed income, commodities, and real assets. The report was also scheduled to detail the Fund's asset allocation and compare its performance against benchmarks and the PIRC¹ local authority universe. The Committee was scheduled to note the contents of this report.

Engagement Report

The Committee was scheduled to receive a summary of the Local Authority Pension Fund Forum (LAPFF)² engagement activity for April to June 2026. The report was scheduled to highlight work on climate transition and adaptation, modern slavery, mining, and conflict-affected and high-risk areas. It was also scheduled to detail company responses and matters requiring further engagement, noting that this collective stewardship supports the Fund's responsible investment objectives and consideration of financially material environmental, social and governance risks. The report was for noting.

Local Government Pension Scheme: New Statutory Guidance on Fund Governance and Asset Pooling

This report was scheduled to present the new statutory guidance on LGPS fund governance, published by the Ministry of Housing, Communities and Local Government (MHCLG)³ on 29 June 2026. This guidance supports the Local Government Pension Scheme (Amendment) (Governance) Regulations 2026. The report was scheduled to summarise the requirements regarding knowledge and understanding, the new LGPS senior officer role, the Independent Person, and Independent Governance Reviews, outlining the actions and timescales with which the Fund must comply. Additionally, the report was scheduled to provide an overview of the accompanying statutory guidance on asset pooling. The Committee was scheduled to consider updated terms of reference for itself, a Training Strategy, and an Independent Person Appointment Plan.