"Fit for the Future" consultation
Barking and Dagenham Council completed its pension fund asset transition to a pooled vehicle by March 2026, as required by 'Fit for the Future' legislation.
Barking and Dagenham Council's Pension Fund completed the transition of all remaining assets to the London Collective Investment Vehicle (LCIV) pool by March 31, 2026. This was a requirement of the 'Fit for the Future' legislation, which mandates administering authorities to transition assets to their chosen pool. The Pensions Committee approved the London CIV Investment Management Agreement (IMA) detailing investment objectives and fees.
The 'Fit for the Future' consultation made recommendations for the Local Government Pension Scheme, leading to legislation mandating the transition of pension fund assets to pooled investment vehicles. The Pensions Schemes Bill, which implements these proposals, was expected to be enacted around April 1, 2026.
Key facts
- Barking and Dagenham Pension Fund was on track to complete its asset transition to the London CIV pool by March 31, 2026. Source
- The London CIV Investment Management Agreement was approved by the Barking and Dagenham Pensions Committee. Source
- The Pensions Schemes Bill, implementing 'Fit for the Future' proposals, was expected to be enacted around April 1, 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.