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As agreed in its Committee meeting of 28 March 2025, the Avon Pension Fund will survey members on Aerospace & Defence investments. 

We will work with an independent research organisation to ensure expert guidance and best practice in research methods.  

In a public meeting in Bath on 28 March, the Avon Pension Fund Committee voted to maintain its current approach to investing in Aerospace & Defence. 

Now that the Committee has made a decision in principle, we will consult our members, which will inform the Committee’s final decision. 

We’re pleased to announce a £50m investment in local businesses, supporting regional growth. 

This investment represents the third in our local impact strategy, with significant progress already made in the areas of green energy and affordable housing.

On 28 March the Avon Pension Fund Committee will meet to review its aerospace and defence investments. 

This follows significant work which the Fund has already undertaken, following petitions in December and appeals from Bristol City Council to divest from aerospace and defence companies which supply Israel.

The pension fund has £18m or 0.3% of its £6 billion assets invested in such companies, which primarily supply NATO partners and the UK government.

In the latest step towards achieving our net zero goals, we’ve committed £50 million to a new renewables fund. The fund has been created specifically for a consortium of LGPS funds belonging to the Brunel Pension Partnership.

We've worked with our asset manager to move over £700 million of equity investments into an innovative, Paris-aligned funding solution.

Looking after our investments so we can pay all pensions in full, while working towards our net zero 2050 goal, are essential priorities for Avon Pension Fund. As we make good progress on reducing our investment portfolio’s carbon emissions, our innovative investment strategy has hit the news.