The Hackney Council Pensions Committee convened to discuss and approve several key items, including the Pension Fund Annual Report and Accounts for 2024/25, a draft consultation response to the Local Government Pension Scheme (LGPS), and the Pension Committee's Annual Report to the Full Council. The committee also received updates on various investment-related matters, most of which were discussed in private due to their commercially sensitive nature.

Pension Fund Report & Accounts 2024/25

The committee approved the Pension Fund Report & Accounts 2024/25, noting the pension fund activities, governance, and performance during that period. They also approved the publication of the draft annual report and its distribution to interested parties, pending the receipt of an audit certificate.

The report provided a comprehensive overview of the fund's performance, including investment strategies, risk management, and compliance with regulatory requirements. The cover report highlighted the key achievements and challenges faced by the fund during the year. The draft annual report itself contained detailed financial statements and performance data.

LGPS Consultation - Scheme (Access & Protection) Draft Consultation Response

The committee approved the council's draft response to the government's consultation on the LGPS, specifically addressing scheme improvements, access, and protections.

The cover report outlined the key issues raised in the consultation and summarised the council's proposed response. The consultation itself, Consultation LGPS _ Scheme improvements access and protections - GOV.UK 2, covered a range of potential changes to the LGPS, including:

• Eligibility criteria: Proposals to expand access to the scheme for part-time workers and those with multiple jobs.
• Contribution rates: Options for adjusting contribution rates to ensure the long-term sustainability of the scheme.
• Investment strategy: Considerations for incorporating environmental, social, and governance (ESG) factors into investment decisions.
• Governance: Measures to enhance the transparency and accountability of pension fund management.

The Hackney PF Response to Consultation detailed the council's specific feedback on each of these areas, reflecting its priorities and concerns regarding the future of the LGPS.

Pension Committee Annual Report to Council

The committee approved the draft annual report to the Full Council.

The cover report provided an overview of the committee's activities and achievements over the past year, including its work on investment strategy, risk management, and member engagement. The draft annual report of the Pensions Committee itself contained more detailed information on the committee's work and its impact on the pension fund.

Exempt Items

The committee also discussed several items in private session due to their commercially sensitive nature. These included:

• Quarterly Performance & Responsible Investment Working Group (RIWG) Update
• Triennial Valuation Whole Fund Results
• Private Markets Annual Review
• Strategic Asset Allocation Review
• Appointment of Voting Partner
• Pensions Administration Migration Update

Other Business

The committee approved the minutes of the previous meetings held on 23 September and 5 November 2025, agreeing that they were a true and accurate record of the proceedings. They also noted the verbal report from the SAB Pensions Committee and Pensions Board Chairs Annual Conference. The committee noted that there were no minutes of the meeting of the Pensions Board for consideration.