The Wandsworth Council Local Pension Board is scheduled to meet on 3 November 2025 to discuss updates from the Joint Pensions Committee, the Pension Fund Annual Report and Audit, the draft Funding Strategy Statement, governance and pooling, and risk management. The board will also discuss training on accounts and audit regulations, and receive a pensions administration update.

Pension Fund Annual Report and Audit

The board is scheduled to discuss the Pension Fund Annual Report and Audit, with reference to document 25-362 and its appendices. The annual report provides an overview of the fund's performance, activities, and governance arrangements over the past year. The audit assesses the accuracy and reliability of the financial statements.

Draft Funding Strategy Statement

The board is scheduled to discuss the Draft Funding Strategy Statement, with reference to document 25-364 and its appendices. The Funding Strategy Statement sets out how the pension fund aims to meet its future liabilities. It includes details of employer contributions, investment strategy, and risk management.

Risk Management

The board is scheduled to discuss risk management, with reference to document 25-366 and its appendices. This includes identifying and assessing the risks facing the pension fund, and putting in place controls to manage those risks.

Governance and Pooling Update

The board is scheduled to receive a governance and pooling update, with reference to document 25-365 and its appendices. This will cover any changes to the governance arrangements of the pension fund, as well as updates on the pooling of assets with other local authority pension funds. Pooling is where multiple local authority pension funds combine their assets for investment purposes, aiming to reduce costs and improve investment returns¹.

Pensions Administration Update

The board is scheduled to receive a pensions administration update, with reference to document 25-363 and its appendices. This will cover any changes to the way the pension fund is administered, including updates on processing contributions, paying benefits, and communicating with members.

Update from the Joint Pensions Committee

The board is scheduled to receive an update from the Joint Pensions Committee, with reference to document 25-360. This will cover the meetings held on 10 June and 11 September 2025. The draft minutes of the Joint Pensions Committee meeting on 10 June 2025 are also available.

Training (Accounts and Audit Regulations)

The board is scheduled to discuss training on accounts and audit regulations, with reference to document 25-361. This training is intended to ensure that board members have the knowledge and skills they need to oversee the pension fund's financial reporting and audit processes.