The Cardiff Council Pensions Committee met on Monday 24 November 2025 to discuss the Wales Pension Partnership, the fund's investments, and the Pension Fund's Risk Register. The committee was also scheduled to discuss a divestment motion, the fund's annual report, and the minutes of the Local Pension Board and Investment Advisory Panel. Councillor Chris Weaver, Cabinet Member for Finance, Modernisation & Performance, chaired the meeting.

Council Motion on Divestment

The committee was scheduled to consider a divestment motion that was passed by the council at a meeting in July. The report pack included two appendices relating to this motion:

• Appendix 1
• Appendix 2

Wales Pension Partnership and Investment Update

The Pensions Committee was scheduled to receive an update on the Wales Pension Partnership (WPP), including Project Snowdon, and the Fund's Investments.

The WPP is a collaboration of the eight local government pension schemes in Wales, pooling their assets to reduce costs and improve investment opportunities¹. Project Snowdon is the name given to the WPP's project to consolidate its assets into a single investment platform.

The report pack included two appendices relating to this update:

• Appendix 1
• Appendix 2

Pension Fund's Risk Register

The committee was scheduled to discuss the Pension Fund's Risk Register. The report pack included two appendices relating to this register:

• Appendix 1
• Appendix 2

Annual Report 2024/25

The Pensions Committee was scheduled to consider the Fund's Annual Report for 2024/25. The report pack included an appendix relating to this report.

• Appendix 1

Other items

The committee was also scheduled to:

• Approve the minutes of the meetings held on 19 May 2025 and 3 July 2025.
• Note the minutes of the Local Pension Board meeting held on 15 April 2025.
• Note the minutes of the Investment Advisory Panel meeting held on 10 June 2025.