Agenda

Members are invited to declare at this stage of the meeting, any relevant disclosable pecuniary or personal interests in the items on the agenda and to specify the item(s) to which they relate.

To approve the minutes of the previous meeting held on Tuesday 24 June 2025

as a correct record.

Agenda republished to include the attached minutes on 7 October 2025

To consider any matters arising from the minutes of the previous meeting.

To receive the Brent Pension Fund Q2 2025 - 26 Investment Monitoring Update Report.

This report presents the Brent Pension Fund Annual Report & Accounts for the year 2024/25.

The purpose of this report is provide the Committee with an update on the 2025 Triennial Valuation & Funding Strategy Statement (FSS) review.

Members are asked to note the report also includes (as an exempt appendix) details on the Whole Fund Result, which will be considered in the closed session of the meeting.

To present members with an update on engagement activity undertaken by the Local Authority Pension Fund Forum (LAPFF) on behalf of the Fund.

This report provides an update on provision and member progress against of the LGPS online learning facility.

To note the draft minutes of the Pension Board meeting held on Tuesday 22 July 2025.

Agenda republished to include an initial draft of the attached minutes on 7 October 2025.  Members are asked to note these minutes have been published as subject to final review.

Notice of items to be raised under this heading must be given in writing to the Deputy Director Democratic & Corporate Governance or their representative before the meeting in accordance with Standing Order 60.

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972:

Agenda Item 6:        Q2 2025-26 Investment Monitoring Report–Fund Manager performance ratings.

This appendix has been classified as exempt under Paragraph 3 of Part 1 Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of and particular person (including the authority holding that information).”

Agenda Item 8:        2025 Triennial Valuation – Appendix 2: (Whole Fund Results)

This appendix has been classified as exempt under Paragraph 3 of Part 1 Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of and particular person (including the authority holding that information).”

The press and public will be excluded from the remainder of the meeting as the report(s) to be considered contain the following category of exempt information as specified in Paragraph 3, Schedule 12A of the Local Government Act 1972, namely:

“Information relating to the financial or business affairs of any particular person (including the authority holding that information)"

Following on from Agenda Item 8, the Sub Committee is asked to consider and review the update provided on the Triennial Valuation Whole Fund results.

The purpose of this report is to update the committee on the 2025 Triennial Valuation and provide members with the Contribution Rate Modelling.

This report provides an update on the investment strategy review being carried by the Fund’s investment advisor, Hymans Robertson, following on from the Fund’s 2025 valuation. The purpose of the review was to evaluate the current investment strategy and analyse the ability of alternative strategies to meet the Fund’s strategic objectives.

This report provides an update on recent developments regarding Brent’s Pension Fund investments held with the London CIV.