Investment Strategy Statement (ISS)
Councils are updating their Investment Strategy Statements to comply with new regulations, focusing on asset allocation and local investment.
Lewisham Pension Fund's Pensions Committee approved reallocating £95 million from equities to credit and UK government bonds in October 2026, influenced by new LGPS governance and pooling regulations. This follows other councils updating their Investment Strategy Statements (ISS) to comply with the Pension Schemes Act 2026, which came into force in June 2026. Barnet Pension Fund's Committee endorsed its updated strategy in September 2026, aiming for a 6.8% long-term return.
Several funds are also focusing on local investment. Havering Pension Fund's Pensions Committee discussed exploring up to 10% local investment, equating to £118 million, in September 2026. Barnet Pension Fund's Committee approved allocating up to 3% of assets to local projects in March 2026. Harrow Pension Fund's Committee plans to revise its ISS by September 2026 to outline its approach to local investment. Camden's Pension Committee is scheduled to meet on October 21, 2026, to discuss this topic.
An Investment Strategy Statement (ISS) is a document outlining a pension fund's approach to investment, including its objectives, risk appetite, and asset allocation. It also details approaches to responsible and local investment. Barking and Dagenham Pension Fund's Pensions Committee approved an Investment Management Agreement in March 2026, as it transitions all remaining assets to the London CIV pool by March 31, 2026, a requirement of the 'Fit for the Future' legislation.
Key facts
- Lewisham Pension Fund's Pensions Committee approved reallocating £95 million from equities to credit and UK government bonds in October 2026. Source
- Havering Pension Fund's Pensions Committee discussed exploring up to 10% local investment, or £118 million, in September 2026. Source
- Barnet Pension Fund's Pension Fund Committee endorsed an updated investment strategy in September 2026. Source
- The Pension Schemes Act 2026 came into force on June 30, 2026. Source 1 Source 2
- Barking and Dagenham Pension Fund is transitioning all remaining assets to the London CIV pool by March 31, 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.