local investment
Havering and Hammersmith and Fulham councils are setting local investment targets for their pension funds.
Havering Pension Fund is exploring investing up to 10% of its £1.18 billion assets locally, which would equate to £118 million. This was discussed at a Pensions Committee meeting in September 2026 as part of an updated Investment Strategy Statement and "Fit for the Future" reforms.
Hammersmith and Fulham Council's pension fund decided in June 2026 to invest between 5% and 10% of its £1.457 billion assets locally, approving a draft Local Investment Policy. These moves are driven by the Pension Schemes Act 2026, which came into force in June 2026, and the government's 'Fit for the Future' consultation.
Other councils are also developing their local investment approaches. Tower Hamlets Pension Board agreed in September 2025 to develop a framework by March 2026, while Enfield Council is reviewing its strategy to set a target range and report annually on impact, following a meeting in July 2025.
Key facts
- Havering Pension Fund is exploring investing up to 10% of its assets locally, equating to £118 million, as discussed in September 2026. Source
- The Pension Schemes Act 2026 came into force on June 30, 2026. Source
- Hammersmith and Fulham's pension fund decided in June 2026 to invest 5-10% of its assets locally, potentially £72.85 million to £145.7 million. Source
- Tower Hamlets Pension Board agreed in September 2025 to develop a local investment framework by March 2026. Source
- Enfield Council is reviewing its pension fund's local investment strategy, following a meeting in July 2025. 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.