Fit for the Future regulations
Councils are implementing Fit for the Future regulations by appointing Senior LGPS Officers and transitioning pension fund assets to collective investment vehicles.
Barking and Dagenham's Pensions Committee appointed a Senior LGPS Officer in September 2026, a role mandated by the Fit for the Future regulations. Sutton's Pension Fund assets became fully managed by the London Collective Investment Vehicle (LCIV) in July 2026, fulfilling a key requirement of these government reforms for the Local Government Pension Scheme (LGPS), which came into force on June 30, 2026.
These Fit for the Future regulations aim to enhance governance, facilitate asset pooling, and encourage local investments. They require pension funds to have their assets managed by a collective investment vehicle and mandate the appointment of a Senior LGPS Officer, as well as formalized training for pension committee members, which Hillingdon's Pensions Committee discussed in September 2026. No upcoming meetings are currently scheduled to discuss these regulations.
Key facts
- Sutton's Pension Fund assets became 100% managed by the London Collective Investment Vehicle (LCIV) in July 2026. Source
- The Fit for the Future regulations came into force on June 30, 2026. Source
- The regulations mandate the appointment of a senior LGPS officer. Source
- The regulations require pension funds to have assets managed by a collective investment vehicle. Source
- The reforms are designed to enhance governance, facilitate pooling of assets, and encourage local investments. 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 1 October 2026. Spotted a mistake? Email community@opencouncil.network.