asset pooling
Councils are currently implementing new statutory requirements for asset pooling, consolidating pension fund assets into collective investment vehicles.
Councils are currently implementing new statutory requirements for asset pooling, which involves consolidating pension fund assets into collective investment vehicles. The Pension Schemes Bill, expected Royal Assent in March 2026, placed asset pooling on a statutory footing, with key changes effective from April 2026. Westminster is finalising investment management agreements with London CIV, while Redbridge's Pension Fund Committee discussed LGPS governance and pooling reforms in September 2026.
Alongside these statutory changes, councils are reviewing their pension fund investment strategies and performance. Lewisham's Pensions Investment Committee approved revisions to its investment strategy in March 2026 to align with new pooling requirements. Camden's Pension Committee reviewed the progress of the London Collective Investment Vehicle in July 2026, and Southwark's Pensions Advisory Panel discussed investment performance in September 2026.
Key facts
- The Pension Schemes Bill was expected to receive Royal Assent in March 2026, placing asset pooling on a statutory footing. Source
- Key changes under the new legislation came into effect on 1 April 2026. Source
- All fund investment assets must be pooled into asset pool companies by 31 March 2026. Source
- Lewisham's Pensions Investment Committee approved revisions to its investment strategy on March 17, 2026. Source
- Westminster is finalising investment management and service delivery agreements with London CIV. 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.