local investment initiatives
Brent Pension Fund is adjusting its investment strategy following an improved funding position.
Brent Pension Fund is adjusting its investment strategy, moving towards protection assets and reducing growth asset exposure, as detailed in a March 2026 Pension Board meeting. This shift follows a 2025 actuarial valuation that showed the fund's funding level increased to 113%.
The improved financial health, up from 87% in 2022, is projected to cut employer contribution rates from 30.5% to 23% from April 2026. This aims to align the fund's investments with its current strong position.
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