The Pension Fund Committee of Harrow Council is scheduled to consider a range of financial and investment-related reports. Key discussions are expected to focus on the triennial valuation of the pension fund, updates on the Local Government Pension Scheme (LGPS) and the Local Authority Investment Fund (LCIV), and the council's investment strategy.

Triennial Valuation 2025 Final Report

A significant item on the agenda is the Triennial Valuation 2025 Final Report from the Strategic Director of Finance and Assurance. This report will provide a comprehensive overview of the financial health of the pension fund, which is undertaken every three years to assess its assets against its liabilities. The valuation is crucial for ensuring the long-term sustainability of the fund and for determining any necessary adjustments to contribution rates.

LCIV and LGPS Update

The committee is also set to receive an update on the LCIV and LGPS Update, also from the Strategic Director of Finance and Assurance. This agenda item will likely cover developments related to the Local Government Pension Scheme (LGPS), a national scheme for local government employees, and the Local Authority Investment Fund (LCIV). The LCIV is a pooled investment vehicle designed to achieve economies of scale and improve investment returns for participating local authorities.

Investment Strategy Statement Next Steps

Further discussion is scheduled regarding the Investment Strategy Statement Next Steps. This report will outline proposed actions and considerations for the future direction of the pension fund's investment strategy. The council's commitment to responsible investment and ensuring adequate returns to meet pension obligations will be central to this discussion.

Buckinghamshire Pension Fund Admission to the LCIV

The potential admission of the Buckinghamshire Pension Fund to the LCIV will be examined. This item, titled Buckinghamshire Pension Fund Admission to the LCIV, will likely detail the implications and benefits of such a move for both Harrow's pension fund and Buckinghamshire's.

Investment Manager Performance December 2025

The committee will review the Investment Manager Performance December 2025. This report will assess how the pension fund's appointed investment managers have performed against their benchmarks and objectives up to the end of 2025.

Public Questions and Petitions

The meeting will also allow for public engagement, with provisions for Public Questions and Petitions. The deadline for submitting public questions is 3.00 pm on 11 March 2026, and questions should be sent to publicquestions@harrow.gov.uk. Any petitions submitted by members of the public or councillors will also be received.

The agenda also includes standard procedural items such as noting the attendance of reserve members, receiving declarations of interest, and confirming the minutes of the previous meeting held on 17 November 2025.

A portion of the meeting is scheduled to be held in private, with the press and public excluded, to discuss confidential information related to financial and business affairs, including appendices to the Investment Strategy Statement, the business case for Buckinghamshire Pension Fund joining the LCIV, and investment management agreement terms.