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The London Collective Investment Vehicle (London CIV or LCIV) is the investment pool for London-based Local Government Pension Scheme (LGPS) funds. It is owned by the City of London and all 32 London boroughs. As at 31 March 2024, it manages combined assets of approximately £34 billion (£50.8 billion total across member funds). It manages the pensions of approximately 700,000 Londoners.
In March 2026, a campaign group called “Shake the CIV” published a report claiming the London CIV invests over £7 billion in companies “complicit in Israel’s crimes,” including nearly £1 billion in arms manufacturers. The LCIV disputed these figures, stating its actual actively-managed exposure was £713 million (4% of total assets), with £6.5 billion being in “passive strategies” managed by third-party fund managers outside the pool’s control. Over 150 London councillors from Labour, Liberal Democrat, Green and independent parties signed a letter demanding divestment.
Sources: Hackney Citizen - London mega-pension fund divest Israel; Barnet Post - London councillors join campaign to divest pension pots; London CIV website
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Barnet Pension Fund
The Barnet Pension Fund is a partner of the London CIV pool. Its assets exceeding £1.5 billion are managed through CIV pooled funds and passive strategies.
London Borough of Barnet
Barnet Council is one of the 32 London borough owners of the London CIV. Notably, no Barnet councillors signed the 2026 divestment campaign letter.