Lambeth's Pension Fund
Lambeth's Pension Fund is addressing ethical investment concerns, enhancing transparency, and implementing climate-related financial reporting.
In July 2026, Lambeth Pension Fund faced criticism over investments in 'illegal settlements', with Councillor Peter Woodward urging the Pensions Committee to reverse previous decisions due to reputational risk. The committee also requested a comprehensive list of all investments and voting records to enhance transparency, with officers confirming this information is available and can be shared.
The fund is also set to implement Task Force on Climate-related Financial Disclosures (TCFD) and Task Force on Nature-related Financial Disclosures (TNFD) reporting, following a Pensions Committee decision in July 2026. This follows the fund's formal adoption of a net zero carbon emissions target by 2040, approved by the Pensions Committee in March 2026 as part of its updated Investment Strategy Statement.
Financially, the fund's assets stood at approximately £1.97 billion as of December 2025, though it underperformed investment benchmarks in the quarter ending on that date. However, the Pensions Board noted a significant improvement in the fund's actuarial valuation to a 120% funding level in April 2026, leading to reduced employer contribution rates.
Key facts
- In July 2026, Lambeth Pension Fund faced criticism over investments in 'illegal settlements'. Source
- The Pensions Committee requested a comprehensive list of all investments and voting records in July 2026. Source
- Lambeth Pension Fund is set to implement TCFD and TNFD reporting, decided in July 2026. Source
- The fund adopted a net zero carbon emissions target by 2040 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.