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 Pension Board meeting held on Monday 24 March 2025 as a correct record.

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

Min 5: Deputation: Update on Pension Fund approach towards Responsible Investment

This report updates the Pension Board on various pension administration

matters as part of its remit to oversee administration of the Brent Pension

Fund.

To receive the Chair’s Annual Report for 2024-25 providing an update on the work carried out by the Board during the year.

The purpose of this report is to update the Board on recent developments within the Local Government Pension Scheme (LGPS) regulatory environment and any recent consultations issued which would have a significant impact on the Fund.

This report presents the updated Risk Register for the Brent Pension Fund Administration Service.

The purpose of this report is to inform members of the Pension Board and

provide an update on the provision of the LGPS Online Learning Facility.

To receive the Brent Pension Fund  Q1 2025-26 Investment Monitoring Update Report.

The purpose of this report is to update the committee on the outcome of the Government’s Fit for the Future consultation.

This report presents the draft Pension Fund Annual Accounts for the year ended 31 March 2025.

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

The purpose of this report is to update the committee on the 2025 Triennial Valuation and to introduce the report from the Fund Actuaries (Hymans Robertson) on the key assumptions.

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.

Members are asked to note the schedule of meetings for the 2025-26 Municipal Year:

·               Thursday 6 November 2025 to be held at 6pm as an online meeting.

·            Monday 23 March 2026 to be held at 6pm as an online meeting.

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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:     Q1 2025-26 Investment Monitoring Report – Appendix 2: 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 11:   2025 Triennial Valuation – Appendix 2: Detailed Assumptions Advice

                            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)"

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