The Pensions Committee and Board were scheduled to meet on 1 December 2025 to discuss a range of topics, including the responsible investment policy, a pensions administration update, and the fund's risk management policy. The committee was also scheduled to review the fund's investment performance and consider the Haringey Pension Fund Annual Report.

Haringey Pension Fund Actuarial Valuation

The Pensions Committee and Board were scheduled to discuss the 2025 actuarial valuation¹ of the Haringey Pension Fund. The report pack included initial advice from Hymans Robertson, the Pension Fund's actuary, as well as initial actuarial valuation results for the whole fund, an overview of the Funding Strategy Statement review, and a general progress update.

The report pack included a summary of key assumptions:

• A discount rate, which is required to place a value on benefits due after the funding time horizon.
• The Consumer Price Index (CPI) inflation rate, as LGPS scheme member benefits are increased by CPI inflation each year.
• Salary increases, which impact on benefits paid to members for service earned prior to 31 March 2014.
• The funding level, which is a measurement of past service liabilities at the valuation date.
• Longevity assumptions, which impact on how long the Pension Fund can expect to pay a pension to each member and their dependants.

Responsible Investment Policy

The report pack for the meeting included a draft Responsible Investment Policy, which the Pensions Committee and Board were scheduled to discuss. The policy was designed to ensure that the fund remains aligned with best practice, regulatory requirements, and the long-term interests of members and stakeholders. The report pack stated that responsible investment has become an increasingly important aspect of pension fund governance, reflecting the need to integrate environmental, social, and governance (ESG) considerations into investment decision-making. The draft policy included the fund's engagement framework, which provides a structured approach to monitoring, assessing, and engaging with fund managers and the asset pool. The Pension Fund was scheduled to continue to actively engage with London Collective Investment Vehicle (LCIV) and the wider pensions community throughout the consultation period.

Pension Administration Update

The Pensions Committee and Board were scheduled to receive an update on the Pension Fund's administration activities. The update covered:

• Pension Fund membership
• The Online Member Self Service portal
• Service Level Agreement (SLA) statistics
• The Pensions Dashboard Project (PDP)
• Approval of new Admission Agreements
• Collection of Employer and Employee Contributions
• Internal Disputes Resolution Procedures (IDRPs)
• Annual benefit statements
• The McCloud Project
• Ongoing Consultations

The report pack noted that an admission agreement is a way for an external service provider to join the Local Government Pension Scheme (LGPS). The admission agreements to be entered into are closed, whereby only members employed at the time of transfer can remain within the Haringey Pension Fund. The report pack listed the entities that have been awarded contracts to provide catering and cleaning services to the relevant schools:

• Aspens Services LTD – Dukes Aldridge
• Dukes Alridge Academy

The report pack stated that it was requested that the Pensions Committee and Board delegate the approval of future admissions to the Section 151 officer², because the current requirement for new admission agreements to be approved by the Pensions Committee and Board causes delays.

The report pack also included an update on the McCloud project[^4], and noted that following the determination made at the July meeting of the Pensions Committee and Board (PCB) regarding the McCloud Remedy, it was agreed that a comprehensive McCloud project plan would be developed and presented to the PCB for review.

Fund Risk Management Policy

The Pensions Committee and Board were scheduled to discuss the implementation of the governance review recommendations relating to risk management. The report pack included the Pension Fund Risk Policy, which outlines the framework for identifying, assessing, managing, and monitoring risks that may impact the Fund's ability to meet its long-term objectives. The report pack also included the Pension Fund Risk Management Strategy and Process, which outlines the approach Officers will take when preparing the redesigned Risk Register.

Pension Fund Quarterly Investment and Performance Update

The Pensions Committee and Board were scheduled to receive updates on the Pension Fund's performance for the quarter ended 30 September 2025. The updates covered:

• An overview of fund performance, including a funding position update
• Investment manager performance
• Asset allocation
• Investments with the pool
• A LAPFF Engagement Update
• Independent advisor's market commentary

The report pack noted that Haringey Pension Fund is a member of the Local Authority Pension Fund Forum (LAPFF), a shareholder engagement group that regularly engages with companies to encourage best practice and effect positive change.

Haringey Pension Fund Annual Report

The Haringey Pension Fund Annual Report and unaudited accounts for 2024/25 were scheduled to be presented to the Pensions Committee and Board for approval, subject to the successful completion of the external audit exercise. The report pack stated that the annual report is a key component of communication between the pension fund and its stakeholders.

Governance Review Implementation Plan

The Pensions Committee and Board were scheduled to receive an update on the progress of implementation of the fund's governance review recommendations following the review undertaken by the Funds independent advisor. The report pack noted that following the governance review by the funds independent advisor there were 26 recommendations suggested to the PCB categorised under three categories:

• Category 1: Fundamental and Urgent
• Category 2: Easily Implementable
• Category 3: To be Implemented from 2025/26

Risk Register

The Pensions Committee and Board were scheduled to receive an update on the Pension Fund's risk register and an opportunity to further review the risk score allocation. The area of focus for review at the meeting was scheduled to be Funding-Liability Risks.

Forward Plan

The Pensions Committee and Board were scheduled to identify and agree upon the key priorities for the Committee and Board over the upcoming months, as well as seek input into future agendas.