London Collective Investment Vehicle (London CIV)
Newham Pension Fund is pooling its remaining assets with London Collective Investment Vehicle, an LGPS investment pool, amidst ongoing pension reforms.
Newham Pension Fund approved an Investment Manager Agreement with the London Collective Investment Vehicle (London CIV) in July 2026, authorising it to manage all the fund's remaining assets. This decision aligns with wider Local Government Pension Scheme (LGPS) reforms, discussed in September 2026, which aim to improve saver outcomes through asset pooling and a greater focus on local investment.
The LGPS reforms, part of the government's Fit for the Future initiative, confirm that strategic decision-making remains with partner funds, with implementation handled by investment pools. For instance, Barnet Pension Fund approved an updated Investment Strategy Statement in March 2026 to invest up to 3% of its assets in local projects, aligning with new LGPS regulations.
London CIV is one of six Local Government Pension Scheme investment pools in England and Wales, established in 2015. It pools assets from 33 partner funds, implementing and managing their investment portfolios.
Key facts
- Newham Pension Fund approved an Investment Manager Agreement with London CIV in July 2026 to pool all its remaining assets. Source
- LGPS pension reforms, discussed in September 2026, include strengthened governance, asset pooling, and a focus on local investment. Source
- Barnet Pension Fund approved investing up to 3% of its assets in local projects in March 2026. Source
- London CIV was established in 2015 and pools assets from 33 partner funds. 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.