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Featured news from Avon Pension Fund

Researching member views on Aerospace & Defence

6 May 2025

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.

Could you represent members on our Pension Board?

10 April 2025

We are seeking enthusiastic volunteers from our membership to serve as member representatives on the Board. You'll amplify the voices of Fund members, offering informed advice and guidance alongside a diverse group.

Avon Pension Fund commits £50m to fund investment in local businesses

20 March 2025

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.

The Pensions Ombudsman’s McCloud factsheet

8 August 2022

The Pensions Ombudsman (TPO) has published a factsheet on McCloud. The factsheet sets out TPO’s views on what affected members and schemes can do now and TPO’s present approach to dealing with McCloud complaints.

TPO’s general starting position is that it would not investigate McCloud complaints. This is because it acknowledges that the Government is taking steps to address the discrimination with retrospective effect. TPO will, however, carefully look at the facts of each case before deciding whether to investigate.

GMP Equalisation Explained

3 March 2022

In 2018, a court ruled that pension schemes must ‘equalise’ the Guaranteed Minimum Pension (GMP) benefits for men and women. Currently, they are linked to the old state pension ages of 60 (for women) and 65 (for men).

GMPs are intended to be paid from the old state pension ages for men and women alike, (their ‘GMP age’), however they are not paid as well as a pension. This is because it is already included within the make-up of the pension. That said, the different starting ages for men and women can, in some instances, create inequality.