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Featured news from Avon Pension Fund

Launching our first local impact report

23 October 2025

We’re pleased to release our first local impact report. It shows the positive social and environmental impact Avon Pension Fund has had since it started investing locally in 2024.

Avon Pension Fund is changing who manages its investments

13 October 2025

Avon Pension Fund has decided to join a group called Local Pension Partnership Investments (LPPI). This is referred to as a pension pool.

Nothing changes for your LGPS pension, which remains secure and protected by government.

Publication of member survey results on Aerospace and Defence investments

9 October 2025

We’ve published results from a recent member survey which sought views on whether the Fund should continue or cease investing in Aerospace & Defence companies. The survey was conducted online with members between 4 - 22 September 2025.

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.