Project

London CIV Investment Management Agreement (IMA)

2 stories · 1 council

Barking and Dagenham Council is progressing with the London CIV Investment Management Agreement, delegating final approval after a liability modification.

In July 2026, the Barking and Dagenham Pension Fund Committee delegated final approval of the London CIV Investment Management Agreement (IMA) to the Strategic Director of Resources. This followed a review of the IMA on 30 June 2026, which included a modification limiting liability to the assets managed by the London Collective Investment Vehicle.

The IMA is a key legal contract for mandatory asset pooling under the Pensions Schemes Bill, which provides the mechanism for compulsory pooling of funds. The Barking and Dagenham Pension Fund had previously approved the IMA and was transitioning all remaining assets to the London CIV pool by March 2026.

The Pensions Schemes Bill, which mandates Administering Authorities to transition assets, was expected to be enacted around April 2026. The IMA details investment objectives, policies, and fees for managing pension fund assets through the London CIV.

Key facts

  1. The Barking and Dagenham Pension Fund Committee delegated final approval of the IMA to the Strategic Director of Resources in July 2026. Source
  2. This delegation followed a modification to the IMA limiting liability to assets managed by the London CIV. Source
  3. The committee reviewed the London CIV Investment Management Agreement on 30 June 2026. Source
  4. The Barking and Dagenham Pension Fund was transitioning all remaining assets to the London CIV pool by March 2026. Source
  5. The Pensions Schemes Bill, which mandates asset pooling, was expected to be enacted around 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.

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  1. Barking and Dagenham Pension Fund Committee Delegates Approval of Investment Management Agreement The Barking and Dagenham Pension Fund Committee has agreed to delegate the final approval of a crucial investment management agreement to the Strategic Director of Resources.... Barking and Dagenham 2 July 2026
  2. Barking and Dagenham Council Pension Fund to Transition Assets to London CIV Pool The Barking and Dagenham Pension Fund is on track to complete its transition of all remaining assets to the London Collective Investment Vehicle (LCIV) pool by March 31, 2026.... Barking and Dagenham 28 March 2026