Funding and investment policies

The Ministry of Housing, Communities and Local Government (MHCLG) requires each LGPS administering authority to have a Funding Strategy Statement (FSS).

The Funding Strategy Statement sets out the Fund’s policy for ensuring employer pension liabilities are met, the circumstances where the Fund would consider reviewing employer contribution rates outside of the triennial valuation cycle (Annex A) and the circumstances where the Fund would consider alternative options to a lump sum exit payment (Annex B).

Funding Strategy Statement PDF, 312 KB

As of 1 April 2026, Buckinghamshire Pension Fund is part of the London CIV investment pool. Founded in 2015 in response to government reforms, London CIV brings together 34 pension funds and is one of six investment pools in England and Wales. As of 31 March 2025, the collective assets of the pool were approximately £34.2 billion.

The aim of pooling assets is to achieve savings over the longer term from both lower investment management costs and more effective management of the investment assets.

London CIV is authorised and regulated by the Financial Conduct Authority.

More information and updates can be found on the London CIV website.

The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 require administering authorities to formulate and to publish a statement of its investment strategy, in accordance with guidance issued from time to time by the Secretary of State.

This statement sets out the principles that will guide the Committee when making decisions about the investment of the Fund's assets. It also sets out the framework for investing the Fund’s assets which is consistent with the funding strategy, as set out in the Funding Strategy Statement.

View: BPF Investment Strategy Statement PDF, 304 KB

View: Environmental, Social and Corporate Governance Policy PDF, 80 KB