Access & Fairness: Fairer survivor pension benefits

6 May 2026

Changes to LGPS regulations mean survivor pension benefits will be calculated more fairly, regardless of sex or type of partnership. From 1 April 2026, some survivor pensions may increase, and some will become payable for the first time. The changes apply retrospectively in some cases. 

If you think these changes impact you, you don’t need to do anything. We will review all relevant cases, and contact anyone affected by this change.

Access & Fairness: Changes to death grants

6 May 2026

Changes to LGPS regulations mean death grants are paid more flexibly and fairly.

The age limit for paying a death grant has been removed, meaning a grant may be payable even if a member dies after age 75. This change also applies to some deaths that occurred in the past. 

There are also changes to how late death grants are paid, giving the pension fund more discretion to pay beneficiaries. This will potentially reduce tax.

Access & Fairness: Gender Gap Benefits

6 May 2026

In the LGPS, women typically receive lower pensions than men which is known as the gender pensions gap. From 1 April 2026, new LGPS rules give active members stronger pension protection during periods away from work, helping to reduce the gender pensions gap. 

Your pension will continue to build up during certain unpaid periods of child related leave, and during short authorised unpaid breaks. There are also more generous and flexible rules for buying back lost pension if you take longer unpaid leave.

From April 2027 inheritance tax will apply to pension death grants and unused pension funds

6 May 2026

The inheritance tax rules are changing for all pension schemes from 6 April 2027. 

From this date, if you have nominated someone other than your married spouse or civil partner, any death grant due may become subject to inheritance tax, depending on the total value of your estate. 

Death in service grants which are payable to beneficiaries of active members are exempt.

LGPS opens to councillors and mayors in May 2026

2 April 2026

The UK government has confirmed that councillors and elected mayors in England will be eligible to join the LGPS from 11 May 2026. Joining the pension scheme will be voluntary, not automatic. Councillors and elected mayors will enrol into the scheme on an opt-in basis through the authority they serve. Information on how to do this will be published once it’s available.

Committee vote to remain invested in Aerospace and Defence

12 December 2025

In a public meeting in Bath on 12 December the Avon Fund Pension Committee voted to maintain its current approach to investing in Aerospace and Defence. In addition, it noted the strength of the views expressed by Fund members and agreed to communicate them to its new investment pool, Local Pension Partnership Investments, to inform their investment policies. 

Launching our first local impact report

23 October 2025

We’re pleased to release our first local impact report. It shows the positive social and environmental impact Avon Pension Fund has had since it started investing locally in 2024.

Avon Pension Fund is changing who manages its investments

13 October 2025

Avon Pension Fund has decided to join a group called Local Pension Partnership Investments (LPPI). This is referred to as a pension pool. 

Nothing changes for your LGPS pension, which remains secure and protected by government.