ACCESS
Following a government directive, partner funds of Access, a pooled investment vehicle for UK local government pension funds, have been instructed to select alternative investment pools.
The Buckinghamshire Pension Fund was approved to join the London CIV, a collective investment pool, in December 2025. This decision followed ministers' instruction for the 21 Partner Funds in Access and Brunel, pooled investment vehicles for UK local government pension funds, to select alternative approved pools by September 2025.
The instruction for funds to move from Access came after the government expressed support for maintaining only six out of the eight Local Government Pension Scheme investment pools. A report to the committee said that Access and Brunel's business cases under the 'Fit for the Future' framework did not meet the government's vision for the LGPS.
Key facts
- The Buckinghamshire Pension Fund was approved to join the London CIV in December 2025. Source
- Ministers instructed 21 Partner Funds in Access and Brunel to select alternative approved pools by September 2025. Source
- The government expressed support for maintaining only six out of eight Local Government Pension Scheme investment pools. Source
- Access and Brunel's business cases did not meet the government's vision for the LGPS. Source
- The Buckinghamshire Pension Fund is valued at £4bn. 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.