All LGPS funds are required to publish an Investment Strategy Statement. This statement explains the Fund's investment strategy, how it manages all relevant investment risks and how it carries out its stewardship responsibilities. Unison commissioned a report to review and analyse the statements which can be accessed below. The report highlights the proactive strategy the Avon Pension Fund has for responsible investing.
Latest news & announcements
The Brunel Pension Partnership, which pool's investment assets across ten Local Government Pension scheme funds, including the Avon Pension Fund has issued its latest newsletter.
This can be downloaded at: www.brunelpensionpartnership.org
There have been recent changes to the Local Government Pension Scheme (LGPS) following the introduction of the LGPS (Miscellaneous Amendment) Regulations 2018 which came into force on 10 January 2019.
Changes to survivor benefits for same sex spouses and civil partners
A change to the scheme rules has been made to provide that survivor benefits payable to a same sex spouse or a civil partner are equal those paid to the widow of a male member.
The Avon Pension Fund’s investment strategy must work hard to generate good returns without taking too much risk in order to fund the pensions accruing well into the future, and keep members and employers contributions as affordable as possible.
On 15 February 2019, the Department for Work and Pensions updated two sets of guidance explaining the rights of UK nationals in the EU, and EU citizens in the UK, to benefits and pensions if the UK leaves the EU without an agreement (a 'no deal' scenario).
The guidance confirms in respect of both parties that “There is nothing in UK private occupational pensions legislation that prevents occupational pension schemes from making pension payments overseas. We do not expect that this will change as a result of the UK withdrawing from the EU.”
Due to essential maintenance work my pension online is currently unavailable. We apologise for any inconvenience this may cause.
The Avon Pension Fund office opening times over the festive period are as follows: