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Featured news from Avon Pension Fund

Survey update: Avon Pension Fund selects research partner

27 June 2025

We have selected a research partner who will provide expert guidance and best practice in research methods. We expect to email members the survey later this summer.

Increase in value of members pensions

10 April 2025

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.

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.

SCAPE discount rate and Impact on actuarial factors

30 March 2023

The SCAPE discount rate is used to set the employer contribution rates in the unfunded public sector pension schemes and to determine the actuarial factors across all public sector schemes. The discount rate was reduced on 30 March 2023 to the consumer price index (CPI) plus 1.7% from CPI plus 2.4%.

Government announces changes to Lifetime Allowance and Annual Allowance from 6 April 2023

15 March 2023

The current lifetime allowance of £1,073,100 is being removed from 6th April 2023 and abolished all together from 6th April 2024. The maximum amount of tax-free lump sum that you can withdraw from a pension will remain at £268,275 (25% of the current lifetime allowance of £1,073,100) unless you have a valid (enhanced) protection in place before 6th April 2023.

Our climate-focused investments are in the news

15 February 2023

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.

The Fund’s AVC scheme is now open to new applications

7 February 2023

New applications for the Fund’s Additional Voluntary Contributions (AVC) scheme with Legal and General can now be accepted.