global equities
Brent Pension Fund is adjusting its investment strategy following improved funding, with Kensington and Chelsea also reviewing its approach.
The Brent Pension Fund's valuation reached just under £1.5 billion by the end of the first quarter of 2026, with its funding level at 113%, according to a July 2026 report. This follows a decision by the Brent Pension Fund in March 2026 to shift its investment strategy, reducing exposure to growth assets and increasing protection assets. This change was prompted by an improved funding position, which saw the funding level rise from 87% in 2022 to 113% as of March 2025.
The improved financial health of the Brent Pension Fund is projected to cut employer contribution rates from 30.5% to 23% from April 2026, a report to the Pension Board said in March 2026. Meanwhile, Kensington and Chelsea Council's Investment Committee discussed its investment strategy statement and quarterly performance in July 2026. No upcoming meetings specifically on global equities were provided.
Key facts
- Brent Pension Fund's valuation was just under £1.5 billion at the end of the first quarter of 2026. Source
- The Brent Pension Fund's funding level was 113% in July 2026. Source
- Brent Pension Fund decided to shift its investment strategy towards protection assets and away from growth assets in March 2026. Source
- The Brent Pension Fund's funding level rose from 87% in 2022 to 113% as of March 2025. Source
- Employer contribution rates for the Brent Pension Fund are projected to cut from 30.5% to 23% from April 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 30 September 2026. Spotted a mistake? Email community@opencouncil.network.