asset management
Councils are enhancing asset management through new systems and increased investment in physical and financial assets.
Islington Council's Executive approved a contract variation in June 2026 to accelerate stock condition surveys for housing, which Councillor Jason Jackson stated is fundamental to good asset management (story 8088). Similarly, Richmond Council's Transport and Air Quality Committee was presented with proposals in February 2026 to boost highway maintenance funding by 159% for 2026/27, enabling a more proactive approach to asset management (story 5998).
Bexley Council's new Civica asset management system is nearing completion, with Ms. Morris, Director of Property and Facilities, confirming its progress at a Finance & Corporate Services Overview and Scrutiny Committee meeting in March 2026 (story 7119). Separately, Sutton Council's Pension Board decided in March 2026 that London CIV will assume responsibility for the asset management of the Sutton Pension Fund (story 6979).
Haringey Council's Audit Committee was scheduled to review governance arrangements in July 2026, with asset management identified in the Draft Annual Governance Statement as an area needing strengthening (meeting 2026-07-23, topic description). Asset management involves the systematic process of developing, operating, maintaining, upgrading, and disposing of assets, including physical assets like council property and financial assets such as pension funds.
Key facts
- Islington Council's Executive approved a contract variation in June 2026 to accelerate stock condition surveys for housing. Source
- Bexley Council's new Civica asset management system is nearing completion, confirmed in March 2026. Source
- Sutton Council's Pension Board decided in March 2026 that London CIV will assume responsibility for the Sutton Pension Fund's asset management. Source
- Richmond Council's Transport and Air Quality Committee was presented with proposals in February 2026 to increase highway maintenance funding by 159%. 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.