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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.  

All our active members’ Career Average Revalued Earnings (CARE) pensions were revalued in April 2025. The value of the CARE pension increased by 1.7%, in line with the Consumer Price Index (CPI) figure for September 2024. 

Our deferred members have also had their total pension increased by 1.7%, again in line with September 2024 CPI.

Members will see the increases in pension when they receive their Annual Pension Statement, which will be issued later this year.

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.

We’d like to offer you a reassuring reminder about the Avon Pension Fund. 

Avon Pension Fund is a local government pension scheme (LGPS) backed by the UK government. 

Your pension is not affected by ups & downs in stock markets, Trump tariffs, or any other economic news you read.

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.

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.