protection assets
Brent Pension Fund is overhauling its investment strategy to increase protection assets, driven by an improved funding position and concerns over inflation and climate risks.
Brent Pension Fund is implementing a significant shift in its investment strategy, moving towards a greater emphasis on protection assets, which are investment assets held to safeguard against financial risks, and reducing exposure to growth assets. This overhaul follows an improved funding position, which reached 113% as of March 2025, up from 87% in 2022, as detailed in a March 2026 Pension Board meeting.
The fund is also reviewing its investment strategy in response to persistent inflation and growing climate-related risks, which were highlighted as significant concerns during the March 2026 Pension Board meeting. The improved funding position is projected to lead to a cut in employer contribution rates from 30.5% to 23% from April 2026.
Key facts
- Brent Pension Fund's funding level rose to 113% as of March 2025. Source
- Employer contribution rates are projected to be cut from 30.5% to 23% from April 2026. Source
- Inflation is identified as a high likelihood and impact risk for the Brent Pension Fund. Source
- The investment strategy overhaul was detailed in a Pension Board meeting in March 2026. Source 1 Source 2
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.