Hackney Pension Fund has officially welcomed Buckinghamshire Pension Fund as a new member of the Local Government Pension Scheme (LGPS) pooled investment vehicle, the Local Government Investment Pool (LCIV).

The decision was formalised by the Hackney Pensions Committee on Wednesday, January 21, 2026. This admission necessitated several key changes to the LCIV's governance structure, including amendments to the Shareholder Agreement and the company's Articles of Association. The committee also approved changes to the share capital, which involved the issuing of new shares to accommodate the new member.

Portrait of a woman with glasses and a pearl necklace, likely a member of the Pensions Committee.
Portrait of a woman with glasses and a pearl necklace, likely a member of the Pensions Committee.

The LCIV's primary objective is to achieve economies of scale and enhance investment outcomes for all participating LGPS funds. The inclusion of Buckinghamshire Pension Fund is expected to further strengthen the pool's collective investment power.

Diagram illustrating various asset classes for local and impact investment, including residential property, social infrastructure, private credit, nature-based solutions, private equity, and renewable energy infrastructure.
Diagram illustrating various asset classes for local and impact investment, including residential property, social infrastructure, private credit, nature-based solutions, private equity, and renewable energy infrastructure.

Further details regarding the committee's decisions can be found in the Decisions Wednesday 21-Jan-2026 18.30 Pensions Committee document. The specific report detailing the approval for Buckinghamshire Pension Fund to join the LCIV is available as the PC meeting 21 Jan 2026 - Bucks Pension Fund Approval to Join LCIV - COVER REPORT 1.

Bar chart showing Equiniti's performance against Service Level Agreements (SLAs) for the 2025/26 and 2024/25 periods, broken down by month.
Bar chart showing Equiniti's performance against Service Level Agreements (SLAs) for the 2025/26 and 2024/25 periods, broken down by month.

The meeting agenda and supplementary papers, including updates on the RIWG (Responsible Investment Working Group) and business plan governance, are also publicly accessible.

Previous minutes from the Pensions Committee meetings on November 25, 2025, and December 10, 2025, are also available for review.