London CIV
London CIV is implementing new pension fund pooling regulations while councils review investment strategies and ethical screening policies.
Lewisham Pension Fund's committee approved reallocating £95 million from a London CIV equity fund to a credit fund in October 2026, and also decided to screen companies for war crimes and human rights violations. In September 2026, Tower Hamlets' Pensions Committee resolved to divest from companies violating human rights, following analysis by London CIV which indicated a minimal impact on returns.
London CIV is implementing the 'Fit for the Future' reforms, which mandate that all Local Government Pension Scheme assets be managed through FCA-regulated pooling companies. Hackney Pension Fund and Sutton Pension Fund transitioned asset management to London CIV in July and March 2026 respectively. Havering and Hammersmith and Fulham Pension Funds are exploring investing up to 10% of their assets locally.
London CIV is an investment management company that pools assets for London local government pension funds, managing approximately £60 billion in assets, with £38 billion actively managed by the organisation itself as of July 2026. It works with London boroughs on responsible investment strategies and implements investment strategies for partner funds.
Key facts
- Lewisham Pension Fund reallocated £95 million from a London CIV equity fund to a credit fund in October 2026. Source
- Lewisham Pensions Committee approved screening companies for war crimes and human rights violations in October 2026. Source
- Tower Hamlets' Pensions Committee resolved to divest from companies violating human rights based on the UNOHCHR database in September 2026. Source
- Havering Pension Fund's Pensions Committee approved exploring a 10% target allocation for local investments in September 2026. Source
- London CIV manages approximately £60 billion in assets, with £38 billion actively managed, as of July 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 16 October 2026. Spotted a mistake? Email community@opencouncil.network.