The Pension Committee of Croydon Council was scheduled to consider updates on the London Collective Investment Vehicle (CIV), contractual arrangements for pooling pension assets, and the administration of the Croydon Pension Fund. The meeting agenda also included reviews of the fund's risk register, breaches of the law, and investment performance.

The Collective Investment Vehicle for London Local Authorities Pension Funds

A key item on the agenda was an update regarding the Collective Investment Vehicle for London Local Authorities Pension Funds, also known as the London CIV. This report was set to inform the Committee about developments in Local Government Pension Scheme (LGPS) reform, stemming from the government's consultation titled Fit for the future. The discussion was expected to cover the consequent developments, particularly concerning the London CIV.

Contractual Arrangements with the London CIV

The Committee was scheduled to review contractual arrangements with the London CIV. Legislation arising from the 'Fit for Future' reforms will require the Croydon Pension Fund's assets to be transferred under Pool management by 31 March 2026. This report aimed to inform the Pension Committee about the necessary contractual arrangements and sought to delegate the implementation of these to the Corporate Director of Resources (Section 151 Officer) and the Head of Pensions & Treasury.

London CIV - Responsible Investment

Another scheduled discussion point was the London CIV's approach to Responsible Investment. The report was intended to advise the Committee on how the London CIV might manage the responsible investment strategies of its Partner Funds, in line with the pooling regulations that were due to come into effect from 1 April 2026.

Croydon Pensions Administration Team Key Performance Indicators and Pensions Dashboard Reporting

The meeting agenda included a report on the Croydon Pensions Administration Team's Key Performance Indicators (KPIs) and Pensions Dashboard Reporting for the period from August 2025 to October 2025. This report was expected to outline the KPIs measured against the legal requirements for administering the Local Government Pension Scheme during that three-month period.

Review of Breaches of the Law

A review of breaches of the law concerning the Pension Fund was scheduled. The report was to present the current Breaches of the Law log extract and highlight any changes made since the previous review at the Pension Committee meeting on 16 September 2025.

Review of Risk Register

The Committee was also set to review the Pension Fund's Risk Register. This report was to present the current register and detail any changes made since the last review on 10 June 2025.

Part A Progress Report for the Quarter Ended 30 September 2025

A progress report for the quarter ending 30 September 2025 was scheduled for discussion. This report was intended to update the Pension Committee on the Fund's investments and its current funding position. It was expected to cover performance against strategic goals, the application of the asset allocation strategy, current and planned investments, risk management, and updates from recent investment manager meetings.

Local Government Pension Scheme Advisory Board / The Pensions Regulator Update

The agenda also included a report providing an update on matters being considered by the Local Government Pension Scheme Advisory Board and The Pensions Regulator. The report was to note any implications for the Fund and outline how these were being addressed in consultation with Fund advisers.

Part B - Investment Strategy Review 2025

A significant portion of the meeting, designated as Part B, was scheduled to focus on the Investment Strategy Review for 2025. The agenda indicated that the press and public would be excluded from this part of the meeting due to the likely disclosure of exempt information.

Part B – Progress Report for Quarter Ended 30 September 2025

Following the Investment Strategy Review, a further Part B item was scheduled: a Progress Report for the quarter ended 30 September 2025. Similar to the investment strategy review, the exclusion of the press and public was anticipated for this agenda item due to the nature of the information to be discussed.