London Borough of Hackney Pension Fund
The London Borough of Hackney Pension Fund is implementing 'Fit for the Future' reforms while reporting a significant increase in its funding level.
The London Borough of Hackney Pension Fund is implementing 'Fit for the Future' reforms, which came into force in June 2026, requiring all Local Government Pension Scheme assets to be managed by FCA-regulated pooling companies. London CIV will now oversee investment strategies, though the Hackney Pension Fund retains responsibility for setting its own Investment Strategy, a July 2026 report said.
The fund reported a significant increase in its funding level to 138% at the 2025 valuation, up from 106% in 2022, with assets of approximately £2.1 billion against liabilities of £1.5 billion, according to a July 2026 report. The Pensions Board also appointed Catherine Pearce as Chair for the 2026/27 Municipal Year in July 2026.
The London Borough of Hackney Pension Fund, which manages pensions for council employees, has seen its funding surplus grow to approximately £600 million at the 2025 valuation. No further meetings concerning the fund are currently scheduled.
Key facts
- Hackney Pension Fund's 'Fit for the Future' reforms came into force on 30 June 2026. Source
- London CIV will oversee the implementation of investment strategies for the fund. Source
- The fund's funding level reached 138% at the 2025 valuation. Source
- At the 2025 valuation, the fund held assets of around £2.1 billion. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.