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 on Thursday 6 November 2025 as a correct record.

To receive an update on the action agreed at  the September 2025 Full Council meeting to disclose pension fund investments in companies listed by the United Nations OHCHR.

This report updates the Pension Board on various pension administration matters as part of its remit to oversee administration of the Brent Pension Fund.

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 update members on the provision of the LGPS Online Learning Facility.

This report provides an update on the Investment Strategy Review.

To receive the Brent Pension Fund Q4 2025-26 Investment Monitoring Update Report.

This report sets out the results of 2025 triennial actuarial valuation and the Funding Strategy Statement (FSS) for consideration and approval.

This report updates the Committee on engagement activity undertaken by LAPFF (the Local Authority Pension Fund Forum) on behalf of the Fund.

Members are asked to note the provisional schedule of meetings for the 2026-27 Municipal Year:

·            Tuesday 21 July 2026 to be held at 6pm as an online meeting.

·            Thursday 5 November 2026 to be held at 6pm as an online meeting.

·            Monday 22 March 2027 to be held at 6pm as an online meeting.

These dates will be subject to confirmation as part of the 2026-27 calendar of Council meetings currently being finalised for approval.

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The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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 10:   Investment Strategy Review – Appendix 2 – Investment Strategy implementation

This appendix will need to be 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:   Q1 2025-26 Investment Monitoring Report – Fund Manager performance ratings.

                            This appendix will need to be 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 12:   2025 Triennial Valuation Results and Funding Strategy Statement – Appendix 3: Draft Valuation Report appendices

                            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 updates the Committee on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).