Hackney Council's Pensions Committee has approved the admission of Buckinghamshire Pension Fund to the Local Government Investment Pool (LCIV), a collective investment scheme established by local government pension funds to achieve economies of scale and improve investment outcomes.

The committee formally approved Buckinghamshire Pension Fund as a new member of the LCIV. This move involves agreeing to amendments to the Shareholder Agreement and the company's Articles, as well as changes to its share capital, including the issuing of shares.

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 admission of Buckinghamshire Pension Fund signifies a strategic step for both entities. For Buckinghamshire, joining the LCIV offers the benefit of pooling resources to achieve greater economies of scale and potentially enhance investment returns. For Hackney Council's Pensions Committee and its existing members, the financial implications are managed through the agreed-upon changes to the Shareholder Agreement and the company's Articles, alongside adjustments to the share capital structure.

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.

The governance structures of the LCIV are designed to accommodate new members, with Buckinghamshire Pension Fund's representation being established through the agreed amendments to the Shareholder Agreement and Articles. These documents outline the operational framework and decision-making processes within the investment pool.

Further details regarding the committee's decisions can be found in the Decisions Wednesday 21-Jan-2026 18.30 Pensions Committee.pdf. Additional information on the business plan and governance update is available in the PC 21 January 2026 - Business Plan and Governance Update COVER REPORT 1.pdf.

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.