IS 2019 regulation
Westminster Council recently reviewed its pension fund accounts, impacted by the IS 2019 regulation, which caps reported surpluses.
Westminster Council's Audit and Performance Committee reviewed the Pension Fund's performance and its 2024/25 audited Statement of Accounts and Audit Findings Report in November 2025. The committee scrutinised the fund's financial health, with investment consultants and actuaries present to provide context. The IS 2019 regulation, an accounting standard, impacts how the pension fund's surplus is presented by capping the amount that can be reported in accounts.
A report to the committee in November 2025 indicated that the Westminster Council Pension Fund had surpassed £2 billion. The IS 2019 regulation is an accounting standard that specifically caps the amount of surplus that can be presented in pension fund accounts, influencing how their financial health is reported.
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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.