Lambeth Council's Pensions Committee is working towards a significant deadline for the transition of assets to the London Collective Investment Vehicle (CIV), with all assets scheduled to be under its stewardship by April 1, 2026. However, this timeline is contingent on legislative progress.
The committee discussed the ongoing transition during its meeting on January 7, 2026. A key point of discussion was the necessary primary legislation, part of the Pension Schemes Bill, [which] was still progressing through Parliament,
potentially impacting the April 1, 2026, deadline.
During the meeting, the committee received an update on the overall progress of the asset transition. This included the admission in principle of Buckinghamshire Pension Fund, which manages approximately £4 billion in assets, to the London CIV pool.
Discussions surrounding specific investment strategies, namely the UK Impact Venture Capital investment strategy
and Investment Strategy Modelling,
were moved to exempt sessions. This decision was made because detailed financial and business affairs were discussed, preventing public disclosure of the specifics.
Consequently, these particular details are not publicly available, raising implications for transparency.
Further details on the committee's proceedings and reports can be found in the Public reports pack Wednesday 07-Jan-2026 18.30 Pensions Committee.
