The Pension Board meeting scheduled for Monday, 23 March 2026, was set to cover a range of important financial and administrative updates concerning the Royal Borough of Kensington and Chelsea Pension Fund. Key discussions were expected to include the results of the 2025 actuarial valuation and the proposed funding strategy statement, alongside updates on pension administration, risk management, and investment performance.

Pension Administration Update

The board was scheduled to receive an update on the current state of pension administration within the Royal Borough of Kensington and Chelsea (RBKC). This report detailed headline issues and achievements since the previous meeting, including the impact of a cyber-attack on 24 November which affected pension services, though pensioner payments were not impacted. It also noted the confirmed annual pension increase of 3.8% (in line with CPI) effective from 6 April 2026, and the upcoming final employer contribution rates for 2026/27, 2027/28, and 2028/29. The report also covered ongoing projects such as the Business Efficiency & Voluntary Redundancy (BEVR) scheme, work related to the McCloud Judgement, and the implementation of the iConnect system. Performance indicators for the RBKC Pension Team were to be presented, with the recommendation that the board note the contents of the report.

Actuarial Valuation Results and Funding Strategy Statement

A significant item on the agenda was the presentation of the 2025 actuarial valuation results and updates to the Funding Strategy Statement (FSS). This report aimed to provide the Pension Board with the outcomes of the valuation, which had been approved by the Investment Committee on 9 March 2026. The board was invited to review and comment on both the valuation results and the draft FSS. The report outlined the regulatory requirement for triennial actuarial valuations and the maintenance of an FSS, referencing updated guidance from the Scheme Advisory Board (SAB), CIPFA, and MHCLG. It detailed the 2025 valuation outcome and the approved employer contribution rates for RBKC, Kensington and Chelsea College, St Charles 6th Form College, and the academies pool. The FSS itself was presented with key updates, including a revised structure, annual review requirements, and specific notes on contribution rate calculations, such as the application of a contribution floor and reductions for employers likely to cease participation.

Risk Management

The board was to review the Royal Borough of Kensington and Chelsea Pension Fund's risk register. This report detailed how risks are identified and managed across the fund, grouped according to the CIPFA Managing Risk in the Local Government Pension Scheme Framework. Updates since the last review were to be highlighted, including the improved funding level following the initial 2025 actuarial valuation results, ongoing geopolitical developments, and progress on the Pension Schemes Bill. Specific risks to be discussed included inflation risk, longevity risk, salary increase risk, and illiquidity risk. The report noted that while some risks were trending down due to improved funding, others, such as illiquidity risk and regulatory changes related to pooling, were trending up.

Cashflow Update

A report was scheduled to provide an update on the Pension Fund's cashflow, emphasizing its importance in mitigating liquidity risk. The report included a summary of actual cashflow for 2023/24 and 2024/25, a forecast for 2025/26, and actual figures for the second quarter of 2025/26. It also presented a 10-year cashflow forecast based on the 2025 actuarial valuation. The forecast incorporated assumptions on contributions, investment income expected to rise as property purchases are completed, and increased management expenses due to property-related costs. The purchase of temporary accommodation assets was to be funded by the redemption of index-linked gilts.

Quarterly Performance Update

The board was to receive a quarterly performance review for the fund at 31 December 2025, presented by Northern Trust. This report included a breakdown of investment assets and highlighted key performance figures. It noted an increase in the fund value for the quarter, with specific commentary on the performance of individual fund managers such as Baillie Gifford and Adams Street. The report also provided an update on the Pension Schemes Bill, detailing key changes effective from 1 April 2026 regarding mandatory delegation of investment strategy implementation to pools, the requirement for AAs to take principal investment advice from their pool, and the setting of local investment targets. Updates on governance requirements, including mandatory strategies and policies, and the appointment of a Senior LGPS Officer and Independent Person were also scheduled.

Direct Property Update

An update on the current direct property mandate was to be presented. This report summarised performance during the last quarter and provided an update following recent and pending acquisitions. The direct property portfolio's allocation was noted as 15% of the fund, slightly below the 20% target. The report indicated that the fund was under offer to acquire a supermarket and had approval for two further acquisitions, as well as commitments to purchase two Temporary Accommodation properties. Asset management initiatives across the existing portfolio, including rent reviews and lease renewals, were also to be discussed.

Actuarial Valuation Results and Funding Strategy Statement

The report on the 2025 actuarial valuation results and Funding Strategy Statement (FSS) was a key item. It detailed the outcomes of the valuation, including the projected surplus for the fund, which was expected to result in stability and potentially low contribution rates for employers. The report also outlined updates to the FSS, which sets out the principles for how employer contributions are calculated and managed. This included changes to reflect updated guidance and ensure consistency across LGPS funds. The board was asked to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, detailing identified risks and the strategies in place to manage them. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as ongoing geopolitical developments and changes to LGPS regulations. The report highlighted specific risks such as inflation, longevity, salary increases, and illiquidity, noting trends and mitigation updates.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including a 10-year projection based on the 2025 actuarial valuation. It detailed income sources such as contributions, transfers in, and rental income, alongside expenditures including pension payments, management expenses, and property purchases. The report aimed to demonstrate how the fund manages liquidity to meet its obligations.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included valuations from Northern Trust and detailed performance figures for various asset classes and fund managers. The report also offered an update on the Pension Schemes Bill and its implications for LGPS pooling, governance, and investment strategies, including the requirement for administering authorities to delegate investment strategy implementation to their pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation. The report detailed ongoing asset management initiatives and highlighted upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on their potential impact on the fund and employers.

Cashflow Update

The Cashflow Update report presented the fund's cashflow position, including actual figures and forecasts for the coming years. It detailed income streams such as contributions and investment income, and expenditures including pension payments and property purchases. The report aimed to demonstrate the fund's liquidity management strategy.

Quarterly Performance Update

The Quarterly Performance Update provided a review of the fund's investment performance for the quarter ending 31 December 2025. It included performance figures for various asset classes and fund managers, along with an update on the Pension Schemes Bill and its implications for LGPS pooling and governance. The report also outlined changes to investment strategy requirements and the process for transitioning assets to the London CIV pool.

Direct Property Update

The Direct Property Update provided a summary of the performance of the direct property portfolio and recent acquisition activity. It noted that the portfolio represented 15% of the fund's total allocation and highlighted ongoing asset management initiatives. The report also detailed upcoming acquisitions, including a supermarket and two temporary accommodation properties.

Actuarial Valuation Results and Funding Strategy Statement

This report presented the outcomes of the 2025 actuarial valuation, which indicated a surplus for the fund. It detailed the proposed employer contribution rates for various entities, including RBKC, Kensington and Chelsea College, St Charles RC Sixth Form College, and the academies pool. The updated Funding Strategy Statement (FSS) was also provided, outlining the principles and methodologies used to determine employer contributions and manage the fund's long-term solvency. The board was invited to review and comment on these documents.

Risk Management Report

The Risk Management report provided an overview of the fund's risk register, highlighting key risks and mitigation strategies. Updates included the impact of the 2025 actuarial valuation on funding levels and employer contributions, as well as the evolving regulatory landscape concerning pension pooling. Specific risks such as inflation, longevity, and illiquidity were discussed, with an emphasis on