Latest news & announcements

Brunel Pension Partnership recruiting Chair and Non-Executive Directors

Brunel Pension Partnership (BPP) are seeking an Independent Chair and two Independent Non-Executive Directors (NEDs).

This will involve the establishment of a FCA regulated company, the Brunel Company, to manage the investments of the ten Brunel Authorities, which total approximately £25 billion.

For further details and to apply for Independent Chair and Independent Non-Executive Directors vacancies.

Preparing for retirement

Preparing for retirement

A series of free pre-retirement workshops is available to assist members of the pension scheme when they begin to think about planning for retirement.

The workshops are aimed at anyone considering leaving employment on normal, early or ill health retirement, or taking flexible retirement within the next 18 months or so. Partners are encouraged and welcome to attend.

Statement of Compliance with FRC Stewardship code awarded Tier 1 assessment

The FRC categorise signatories of the stewardship code based on the quality of their statement of compliance, the Avon Pension Fund has been awarded the highest Tier 1 assessment:

Tier 1 - Signatories provide a good quality and transparent description of their approach to stewardship and explanations of an alternative approach where necessary.

PDF iconStatement of Compliance with FRC Stewardship Code - 2016

Avon Pension Fund - Annual Report 2015/16

Annual Report 2015-16 CoverThe Avon Pension Fund has published its Annual Report 2015/16. It provides information on the management and administration of the Avon Pension Fund during the year.The report includes a review of the year, audited accounts, the Actuarial Statement, investment performance, membership details and any changes to the Local Government Pension Scheme during the 2015/16 financial year.

PDF iconAnnual Report 2015-2016

Update on £95,000 cap on exit payments and recovery regulations

The Government is likely to introduce the cap of £95,000 on the total value of exit payments, such as those made on voluntary and compulsory redundancy, early next year.

The Government has provided the following update on the exit payments cap and the recovery regulations:

There will be a further consultation this autumn on regulations for the £95,000 exit payments cap, so they will not be in force in October as originally anticipated. Following this consultation it is hoped that regulations will be published and in force early next year.

HMRC Lifetime Allowance Protection – online member service

Members usually pay tax if their pension pots are worth more than the Lifetime Allowance. The allowance is currently £1 million. While the majority of members of the Local Government Pension Scheme will be unaffected, those members that are may be able to apply for protections and an online facility to register for Fixed Protection 2016 and Individual Protection 2016 is now open for individuals to access.

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