Croydon Pension Fund to Transfer Assets Under Pool Management by 2026

Croydon Council's Pension Fund is set to transfer its assets under pool management by 31 March 2026, as mandated by legislation following the government's Fit for the future consultation. This move aims to reduce costs through economies of scale by pooling assets with other London local authorities via the London CIV (Collective Investment Vehicle).

The decision was discussed at the Pension Committee meeting on 9 December 2025, where members considered the contractual arrangements necessary for the transfer. The move aligns with requirements for Local Government Pension Scheme (LGPS) funds to be managed under pooling arrangements.

The committee delegated the implementation of these contractual arrangements to the Corporate Director of Resources (Section 151 Officer) and the Head of Pensions & Treasury.

The transfer will see Croydon's pension assets managed by the London CIV (Collective Investment Vehicle), a collaboration between London local authorities designed to pool pension fund assets and achieve economies of scale. Further details regarding the contractual arrangements with the London CIV can be found in this document: Contractual Arrangements with the London CIV.