Agenda

Pensions Advisory Panel - Tuesday 23 September 2025 11.30 am

Venue: Meeting Room 225 - 160 Tooley Street, London SE1 2QH. View directions

Items
No.	Item
1.	APOLOGIES Share this item To receive any apologies for absence.
2.	CONFIRMATION OF VOTING MEMBERS Share this item Voting members of the committee to be confirmed at this point in the meeting.
3.	NOTIFICATION OF ANY ITEMS OF BUSINESS WHICH THE CHAIR DEEMS URGENT Share this item
4.	DISCLOSURE OF INTERESTS AND DISPENSATIONS Share this item Members of the committee to declare any interests and dispensation in respect of any item of business to be considered at this meeting.
5.	MINUTES Share this item To agree as a correct record, the open minutes of the meeting held on 19 March 2025 Supporting documents: Minutes: 25.03.19 Pensions Advisory Panel open minutes , item 5. PDF 319 KB
6.	MATTERS ARISING Share this item
7.	FIT FOR THE FUTURE UPDATE Share this item Supporting documents: Report: Fit for the Future Update , item 7. PDF 290 KB
8.	ASSET ALLOCATION UPDATE Share this item Supporting documents: Report: Asset allocation update , item 8. PDF 474 KB
9.	QUARTERLY INVESTMENT UPDATE Share this item ¾ david cullinan ¾ AON Supporting documents: Report: Quarterly investment update , item 9. PDF 132 KB Appendix 1: Independent adviser’s report – quarter to June 2025 , item 9. PDF 2 MB Appendix 2: Aon’s quarterly investment dashboard – quarter to June 2025 , item 9. PDF 2 MB
10.	CARBON FOOTPRINT UPDATE Share this item Supporting documents: Report: Carbon footprint update , item 10. PDF 245 KB
11.	VOTING AND ENGAGEMENT ACTIVITY Share this item Supporting documents: Report: Voting and engagement activity , item 11. PDF 608 KB Appendix 1: Case studies - engagement and voting , item 11. PDF 641 KB
12.	STEWARDSHIP CODE Share this item Supporting documents: Report: Stewardship code , item 12. PDF 565 KB
13.	RESPONSIBLE INVESTMENT GENERAL UPDATE Share this item Supporting documents: Report: Responsible investment general update , item 13. PDF 382 KB
14.	LOCAL PENSION BOARD UPDATE Share this item Supporting documents: Report: Local Pension Board update , item 14. PDF 568 KB
15.	PENSIONS SERVICES UPDATE Share this item Supporting documents: Report: Pensions Services update , item 15. PDF 592 KB Appendix 1: Pensions Services Metrics June - August 2025 , item 15. PDF 736 KB Appendix 2: Local Pension Board Access and Fairness Consultation Report , item 15. PDF 835 KB
16.	REFRESH OF PENSION FUND CASH MANAGEMENT POLICY Share this item Supporting documents: Report: Refresh of Pension Fund Cash Management Policy , item 16. PDF 583 KB Appendix 1: LBSPF Cash Structure Tier Allocation , item 16. PDF 648 KB
	ANY OTHER OPEN BUSINESS AS NOTIFIED AT THE START OF THE MEETING AND ACCEPTED BY THE CHAIR AS URGENT
	PART B - CLOSED BUSINESS
	EXCLUSION OF PRESS AND PUBLIC The following motion should be moved, seconded and approved if the sub-committee wishes to exclude the press and public to deal with reports revealing exempt information: “That the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in paragraphs 1-7, Access to Information Procedure rules of the Constitution.”
17.	CLOSED MINUTES Share this item View the reasons why item 17. is restricted To agree as a correct record, the closed minutes of the meeting held on 19 March 2025.
18.	FIT FOR THE FUTURE UPDATE - CLOSED Share this item View the reasons why item 18. is restricted
19.	QUARTERLY INVESTMENT UPDATE - AON - CLOSED Share this item View the reasons why item 19. is restricted
20.	RESPONSIBLE INVESTMENT UPDATE - CLOSED Share this item View the reasons why item 20. is restricted
	ANY OTHER CLOSED BUSINESS AS NOTIFIED AT THE START OF THE MEETING AND ACCEPTED BY THE CHAIR AS URGENT
	Supporting documents: Blankpage , item PDF 4 KB PensionsAdvisoryPanelDistribution202526 , item PDF 106 KB PensionsAdvisoryPanelClosedDistributionelectronic202526 , item PDF 106 KB