Agenda

Members are invited to declare at this stage of the meeting, any relevant personal or discloseable pecuniary interests in any matter to be considered at this meeting.

To approve the minutes of the previous meeting held on Tuesday 22 July 2025 as a correct record.

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

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 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.

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:

·            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The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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 9:        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 11:      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 11, the Board will be provided with details of the update provided for the Pension Fund Sub Committee 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.