Hackney Council's Pensions Committee has approved the Fit for the Future update for the Local Government Pension Scheme (LGPS), signalling a commitment to modernising the scheme for long-term sustainability and efficiency.

The committee met on Wednesday, January 21, 2026, and endorsed several key recommendations concerning pension fund management. This modernization effort aims to reform the Local Government Pension Scheme in England and Wales to ensure its long-term sustainability and efficiency, enhancing the scheme's ability to adapt to future challenges and opportunities.

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 committee's decisions, detailed in the Decisions Wednesday 21-Jan-2026 18.30 Pensions Committee document, included endorsements for updates to the scheme's business plan and governance, as outlined in the Business Plan and Governance Update COVER REPORT 1.

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.

Discussions also covered the RIWG (Responsible Investment Working Group) meeting update, with a cover report available here and Appendix 1 detailing the update here. This includes information on local and impact investment asset classes such as residential property, social infrastructure, private credit, nature-based solutions, private equity, and renewable energy infrastructure.

Furthermore, the committee reviewed the quarterly pensions administration update, with the cover report accessible here. The meeting agenda was published on Agenda frontsheet Wednesday 21-Jan-2026 18.30 Pensions Committee.

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.

Details on risk registers for governance, funding and investment, and administration and communications can be found in the respective appendices: Appendix 1a, Appendix 1b, and Appendix 1c. The performance of Equiniti against Service Level Agreements (SLAs) for the 2025/26 and 2024/25 periods was also presented.

Supplementary papers for the meeting are available here, and the privacy notice can be accessed here.

Previous minutes from the Pensions Committee meeting on November 25, 2025, are available here, and minutes from December 10, 2025, can be found here.

Additionally, the committee approved the Bucks Pension Fund's application to join the Local Council Investment Vehicle (LCIV), as detailed in the COVER REPORT 1.