Kingston upon Thames Pension Fund
The Kingston upon Thames Pension Fund is addressing lagging investment returns and delays in implementing the McCloud Remedy for thousands of members.
The Kingston upon Thames Pension Fund is currently addressing investment returns that have fallen short of benchmarks over the past one, three, and five-year periods, despite a strong quarterly performance in the three months to June 2026. Simultaneously, the fund faces significant delays in implementing the McCloud Remedy, which requires recalculating pensions for approximately 3,483 members, due to industry-wide software issues, as reported in September 2026.
In March 2026, the Kingston upon Thames Pension Fund set a target to achieve net-zero emissions by 2050, alongside interim goals to reduce carbon intensity and invest in climate solutions. This commitment was detailed in a report presented to the Pension Board, which also included a revised Responsible Investment Policy.
Key facts
- The Kingston upon Thames Pension Fund's market value increased to £1.51 billion by June 30, 2026. Source
- The fund's one-year investment return was 13.7%, below its 14.7% benchmark, in September 2026. Source
- The fund's three-year annual return was 10.8%, underperforming its 11.1% benchmark, in September 2026. Source
- The McCloud Remedy requires recalculating pensions for approximately 3,483 members. Source
- The fund set a net-zero emissions target by 2050 in March 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.