Strategic Asset Allocation (SAA)
Councils are adapting to new pension fund pooling regulations while reviewing investment strategies and performance.
Hackney Pension Fund is adapting to "Fit for the Future" reforms, which came into force in June 2026, requiring Local Government Pension Scheme assets to be managed by FCA-regulated pooling companies. London CIV will now oversee investment implementation, though Hackney retains responsibility for setting its Investment Strategy, a report to Hackney Council said in July 2026. Enfield Council's Pension Policy & Investment Committee also discussed these reforms in September 2026.
Hammersmith and Fulham Pension Fund's net assets increased by £49 million in the financial year ending March 2026, primarily due to strong investment returns, with Global Equities comprising 46.6% of its asset allocation, a draft statement of accounts revealed in June 2026. The Pension Fund Committee reviewed the fund's investment strategy in June 2026, and Ealing's Pension Fund Panel reviewed investment performance in July 2026.
Strategic Asset Allocation (SAA) is the planned distribution of a pension fund's assets across different asset classes to achieve its investment objectives. Councils regularly review their SAA to ensure it aligns with their long-term financial goals and to respond to market conditions.
Key facts
- Hackney Pension Fund retains responsibility for setting its Investment Strategy despite new pooling requirements, a report said in July 2026. Source
- "Fit for the Future" reforms, requiring LGPS assets to be managed by pooling companies, came into force on 30 June 2026. Source
- Hammersmith and Fulham Pension Fund's net assets increased by £49 million in the financial year ending March 2026. Source
- Hammersmith and Fulham Pension Fund's net assets rose to £1.462 billion by March 2026. Source
- Global Equities comprised 46.6% of Hammersmith and Fulham Pension Fund's asset allocation. 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.