The Bexley Pension Fund is set to undergo a review of its investment strategy, as discussed at the Pensions Committee meeting on Tuesday 24 June 2025. The committee is seeking to ensure the fund maximises returns while managing risk effectively.
Key topics under consideration include the strategic asset allocation (SAA) of the fund, a core component of the Investment Strategy Statement (ISS). The ISS sets out how the assets of the Fund are to be invested to achieve a return that maximises the likelihood of securing a full funding level on an ongoing basis, subject to an acceptable level of downside risk.
As part of the review, committee members have been asked to complete a survey by 25 July 2025, to gather their views on various investment-related topics. These include the fund's primary objectives, investment return, risk tolerance, responsible investment practices, and the implications of the 'fit for the future' consultation.
The committee also discussed a request from the London CIV for a cash contribution of £70,312 to meet regulatory capital requirements. As an FCA-regulated firm, London CIV is required to maintain sufficient regulatory capital. The request was made because, due to the growth in Assets under Management (AuM
) in recent years, the London CIV regulatory capital surplus has fallen below the targeted 150% and will continue to be the case with the acceleration of pooling.
Other items on the agenda included updates on financial and fund management, pension fund investment performance for the quarter ending 31 March 2025, administration budget setting, and a review of the abatement policy.