London Collective Investment Vehicle (CIV)
London councils are consolidating pension assets into the London Collective Investment Vehicle (CIV) to achieve efficiencies and cost savings.
London councils are continuing to consolidate pension assets into the London Collective Investment Vehicle (CIV), an asset pooling company for local government pension funds. Tower Hamlets Pension Fund is preparing to pool its assets via the London CIV, with the transition expected to be completed by April 2026, aligning with government 'Fit for the Future' proposals. This move aims to centralise operations and enhance efficiency, as reported in July 2026.
Lambeth Council's Pension Fund achieved £367,000 in fee savings in the third quarter of 2025 through its investment in the London CIV, with 63% of its assets invested by September 2025. Lambeth Council's Pensions Committee worked towards an April 2026 deadline for asset transition, which was contingent on legislative progress. No upcoming council meetings are currently scheduled to discuss the London CIV.
Key facts
- Tower Hamlets Pension Fund is preparing to pool assets via London CIV, with transition by April 2026. Source
- Lambeth Pension Fund achieved £367,000 fee savings in Q3 2025 through London CIV investment. Source
- Lambeth Council's Pensions Committee aimed for an April 1, 2026, asset transition deadline. Source
- Tower Hamlets Pension Fund must take primary investment advice from London CIV after March 31, 2026. 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.