Hammersmith and Fulham Pension Fund
Hammersmith and Fulham Pension Fund is tightening administration penalties and integrating its investment strategy with the London Collective Investment Vehicle.
The Hammersmith and Fulham Pension Fund's Committee approved a revised administration strategy in October 2026, introducing stricter financial penalties for employers who fail to submit contributions and schedules on time. This update, mandatory for all Local Government Pension Scheme funds, aims to ensure consistent administration. Earlier, in March 2026, the Pension Fund Committee discussed ongoing administration challenges, despite improvements in case processing by the Local Pension Partnership Administration.
In March 2026, the Pension Fund Committee approved the final legal agreement to join the London Collective Investment Vehicle (LCIV) for asset management, effective from April 1, 2026. This move aligns the fund with LGPS pooling requirements. A triennial actuarial valuation presented in March 2026 also showed the fund reached a 113% funding level as of March 2025, driven by robust investment returns.
The Hammersmith and Fulham Pension Fund manages pensions for local government employees in Hammersmith and Fulham. It has been working to improve its administration and investment strategies, including joining the London Collective Investment Vehicle to manage its assets, in response to legislative requirements for Local Government Pension Scheme funds.
Key facts
- The Pension Fund Committee approved a revised administration strategy introducing stricter financial penalties for late employer contributions in October 2026. Source
- The Pension Fund Committee approved the final legal agreement to join the London Collective Investment Vehicle (LCIV) for asset management on March 17, 2026. Source
- The fund's assets came under the London Collective Investment Vehicle's pooled management structure from April 1, 2026. Source
- A triennial actuarial valuation presented in March 2026 showed the fund reached a 113% funding level as of March 2025. Source
- The valuation indicated an increase in the discount rate to 5.3% from 4.6%. 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 14 October 2026. Spotted a mistake? Email community@opencouncil.network.