The Pension Committee meeting scheduled for 09 December 2025 was set to cover a range of important topics concerning the management and future of the Croydon Pension Fund. Key discussions were expected to focus on the ongoing reforms within the Local Government Pension Scheme (LGPS), particularly the implications of the Fit for the Future initiative and the role of the London Collective Investment Vehicle (London CIV). The committee was also scheduled to review the fund's performance, risk management, and administrative efficiency.

The Collective Investment Vehicle for London Local Authorities Pension Funds: Update

This report was intended to provide the Committee with the latest information regarding developments in LGPS reform, stemming from the government's Fit for the Future consultation. It was expected to detail consequent developments, with a specific focus on the London CIV. The report recommended that the Committee note its contents, highlighting the importance of staying informed about the fund's relationship with the London CIV and potential legislative changes.

Contractual Arrangements with the London CIV

This report addressed the contractual arrangements that needed to be in place by 31 March 2026, in line with the Fit for the Future requirements. These arrangements are necessary for the transfer of the Croydon Pension Fund's assets under Pool management. The report recommended that the Committee delegate the agreement and signing of these contractual arrangements to the Corporate Director of Resources (Section 151 Officer) and the Head of Pensions & Treasury.

London CIV - Responsible Investment

The Committee was scheduled to receive advice on how the London CIV might manage its approach to Responsible Investment for its Partner Funds, in accordance with pooling regulations effective from 1 April 2026. The report recommended that the Committee consider the contents of this report and an accompanying presentation when updating its approach to Responsible Investment.

Croydon Pensions Administration Team Key Performance Indicators and Pensions Dashboard Reporting for the Period August 2025 to October 2025

This report detailed the Key Performance Indicators (KPIs) for the administration of the LGPS during the three months leading up to the end of October 2025. It was recommended that the Committee note the KPIs and the performance against them. The report also included information regarding the Pension Dashboard.

Review of Breaches of the Law

This report presented the current log of breaches of the law for the Pension Fund and highlighted any changes since the previous review on 16 September 2025. The Committee was recommended to review and note the contents of the log extract.

Review of Risk Register

The Committee was scheduled to review the current Risk Register for the Pension Fund and note any changes since the last review on 10 June 2025. The report indicated that there were 17 risks on the main register, with 10 identified as significant. A new risk concerning proposed changes to Multi Academy Trust consolidation was also to be discussed.

Part A Progress Report for the Quarter Ended 30 September 2025

This report provided an update to the Committee on the Fund's investments and its current funding position for the quarter ending 30 September 2025. It covered performance against strategic goals, asset allocation strategy, risk management, and updates from investment manager meetings. The Committee was recommended to note the contents of the report.

Local Government Pension Scheme Advisory Board / The Pensions Regulator Update

This report was intended to inform the Committee of matters being considered by the LGPS Advisory Board and The Pensions Regulator that are relevant to the Fund. Any implications for the Fund were to be noted and addressed in consultation with Fund advisers. The Committee was recommended to note the contents of the report.

The agenda also included items for Part B of the meeting, which were to be held in private due to the likely disclosure of exempt information. These included an Investment Strategy Review for 2025 and a Progress Report for the quarter ended 30 September 2025.

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