Latest news

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.

There are important changes to the Fund’s Additional Voluntary Contributions (AVC) arrangements being made from January 2023. These changes are applicable if you have paid or are currently paying using the current arrangement with Aviva (previously Friends Provident/Friends Life) or Utmost Life (formerly Equitable Life).

The Avon Pension Fund is pleased to publish both its latest Responsible Investment Annual Report and Taskforce on Climate-related Financial Disclosures (TCFD) Report for 2022.

This year’s Responsible Investment Annual Report serves to update stakeholders on the progress we have made against our climate objectives. This report offers insight into the structural challenges climate-aware investors face and provides details of the Fund’s focus over the coming year as we seek to deliver on our financial and environmental, social and governance (ESG) obligations.

The Local Government Pension Scheme Regulations 2013 require an administering authority to publish a pension fund annual report on or before 1st December following the Scheme year end. This annual report should contain an external auditor’s opinion on the pension fund’s statement of accounts, which is a ‘consistent with’ opinion referring to that given on the administering authority’s statement of accounts.