Members will be pleased to hear that it was a strong year for financial performance, local investments, and member services.
Improved services for members
Digital transformation was a key theme over the year. We restructured our administration in August 2024, and launched a new employer website in December.
These changes led to a significant reduction in backlogs and over 80% of service requests are now handled on time. A new software package will further enhance digital delivery.
Robust financial health and investment growth
The Fund ended the financial year with assets valued at £5.8 billion. The Fund is now 102% funded, meaning it is fully funded.
Investing in the future – locally and sustainably
The Fund ramped up its Local Impact Portfolio. It invested over £40 million in renewable energy, affordable housing, and small business funding. These investments align with the Fund’s climate goals, including its commitment to net zero by 2045.
Over the past five years, the carbon footprint of listed equities has dropped by 71%, and corporate bonds by 65%.
Read the Avon Pension Fund Annual Report 2024/25 (PDF, 4.82MB)