Croydon's Pension Fund
Croydon's Pension Fund is preparing for asset pooling, while addressing compliance issues and reviewing employer contributions.
Croydon Council's Pension Fund is preparing to transfer its assets under pool management by March 2026, aiming to reduce costs by pooling with other London local authorities via the London CIV. This decision was discussed by the Pension Committee in December 2025. Separately, the Pension Board reviewed initial results in November 2025 from the 2025 valuation, suggesting employer contribution rates could be reduced by 3% due to an improved funding level of 132% as of March 2025.
The Pension Board reviewed its Breaches of the Law log in November 2025, which showed instances of missed refund deadlines. This follows earlier scrutiny in July 2025 regarding the Fund's failure to meet statutory deadlines for publishing annual accounts from 2019/20 to 2023/24, attributed to issues with the Council's accounts. The Pension Board met in July 2026 to discuss the Fund's annual report and government reforms.
Key facts
- Croydon Council's Pension Fund is set to transfer its assets under pool management by 31 March 2026. Source
- Employer contribution rates could be reduced by 3% due to a 132% funding level as of 31 March 2025. Source
- The Pension Board reviewed its Breaches of the Law log in November 2025, showing missed refund deadlines. Source
- The Fund failed to meet statutory deadlines for publishing annual accounts for 2019/20 to 2023/24. 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.