Issue

asset ceilings

1 story · 1 council

Westminster Council's Audit and Performance Committee reviewed its Pension Fund's audited accounts in November 2025, which are subject to asset ceilings, a regulation capping surplus presentation.

In November 2025, Westminster Council's Audit and Performance Committee reviewed its Pension Fund's audited Statement of Accounts and Audit Findings Report for 2024-25. Councillors examined the fund's financial health and future prospects, with investment consultants and actuaries present. The report indicated the fund had surpassed £2 billion, a context for asset ceilings, a regulation capping the amount of surplus presented in accounts under IS 2019 regulation (story 3797).

Key facts

  1. Westminster Council's Audit and Performance Committee reviewed its Pension Fund's audited accounts in November 2025. Source
  2. The Pension Fund's audited Statement of Accounts and Audit Findings Report for 2024-25 was discussed. Source
  3. The Pension Fund had surpassed £2 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.

Latest stories

  1. Pension Fund Performance Under Scrutiny at Westminster Council Westminster Council's Pension Fund performance was recently reviewed at the Audit and Performance Committee meeting, where councillors examined the audited Statement of Accounts... Westminster 6 November 2025