pension fund
Councils are discussing improved pension fund funding levels, leading to reduced employer contributions, and reviewing investment performance and administration systems.
Brent Council's pension fund was 113% funded as of March 31, 2025, leading to a reduction in employer contribution rates from 30.5% to 23% of pay from April 2026, according to a 2025 Triennial Valuation report. Similarly, Barking and Dagenham Council's pension fund reached a 108% funding level as of March 31, 2025, with assets exceeding liabilities by £0.11bn, attributed to higher investment returns. Hammersmith and Fulham Council's Pension Fund Committee approved its final 2025 triennial valuation results in March 2026.
Wandsworth's pension fund, valued at £3,428.5 million as of 30 September 2025, grew by 4.7% in the quarter ending 30 September 2025, outperforming its required return of 4.4% annually, a report to a Joint Pensions Committee said in December 2025. Meanwhile, Harrow Council is procuring a new pensions administration system, a decision announced at a Pension Board meeting in December 2025, following cabinet approval.
Pension funds are established to hold and invest assets for the payment of retirement benefits to employees. Councils regularly review their actuarial funding position, administration updates, and investment performance. No upcoming meetings are scheduled in the supplied material.
Key facts
- Brent Council's pension fund employer contribution rates will be reduced from 30.5% to 23% of pay from April 2026. Source
- Brent Council's pension fund was 113% funded as of March 31, 2025. Source
- Barking and Dagenham Council's pension fund was 108% funded as of March 31, 2025. Source
- Wandsworth's pension fund was valued at £3,428.5 million as of 30 September 2025. Source
- Harrow Council announced its decision to procure a new pensions administration system in December 2025. 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 1 October 2026. Spotted a mistake? Email community@opencouncil.network.