Latest news & announcements

Notice of delay to audited pension fund accounts

Under section 10 of the Accounts and Audit Regulations 2015, the Council is required to publish its annual Statement of Accounts by 31 July each year.  The Accounts and Audit (Amendment) Regulations 2021 extended this date to 30 September for financial years beginning 2020 and 2021. 

If the audit has not concluded by publication date, the Council is required to publish the reasons for this under Section 10.2a of the Regulations.

Due to resourcing difficulties on the part of the external auditors, Grant Thornton, the audit of the accounts for the year ended 31 March 2021 has not concluded in time to meet the 30 September publication date.

The draft Statement of Accounts for the year ended 31 March 2021 is available below:

PDF iconAvon Pension Fund - Draft Statement of Accounts 2020-21

Avon Pension Fund signs new charter to target diversity problem in asset management

At Avon Pension Fund, diversity is an integral part of our Responsible Investment strategy and as such a key priority. To help address the issue and build an investment industry that embodies a more balanced representation of diverse societies, we have recently signed-up to the Asset Owner Diversity Charter.

Your Annual Pension Benefit Statement 2021 is on its way

If you are paying into the local government pension scheme (LGPS) you will receive an Annual Pension Benefit Statement from the Avon Pension Fund by the end of August.

It shows the pension you have built up to 31 March 2021 as well as a future projection of your benefits if you remain paying into the scheme to your Normal Pension Age (NPA). This is the age you would retire and take your benefits without any reduction to your pension.

The statements will be posted out to you by the end of August.

Avon Pension Fund gains recognition at world’s first Net Zero Pension Summit

A group of wind turbines on a hill.

Avon Pension Fund has been recognised for its role in providing key investment data to Brunel Pension Partnership (BPP), aiding in the formulation of the Institutional Investors Group on Climate Change (IIGCC) net zero investor framework.

On 1st June, Make My Money Matter hosted the world's first Net Zero Pension Summit – co-hosted by none other than Richard Curtis (British screen writer, producer and film director) and Mark Carney (former Governor of the Bank of England and current UN Envoy for Climate Action).

Avon Pension Fund adds its name to the 2021 Global Investor Statement to Governments on the Climate Crisis

Quote: We have signed the 2021 Global Investor Statement to Governments on the Climate Crisis calling for all governments to commit to ambitious climate policy action by COP26.

With the G7 Summit taking place this weekend in Cornwall, we’re proud to announce that we are a signatory of the 2021 Global Investor Statement to Governments on the Climate Crisis.

In signing this document, we stand alongside 456 other investors worldwide with a combined asset-worth of over $41 trillion. It calls on all governments in 2021 to increase their climate policy action and ambition urgently by COP26 (UN Climate Change Conference) in November.

We are looking to recruit a member representative role on the Pension Board

We are looking for:

  • Candidates with a positive and committed attitude to bring a fresh, external view to oversight of governance
  • Good communication skills and the ability to provide constructive debate
  • Sound knowledge and experience of implementing good governance practices in the public and/or private sector
  • Good understanding of financial reports and accounts
  • An understanding of the LGPS, pension legislation, the local government environment and the national debate over pensions in general
  • Be willing to undertake training in order to fulfil the role
  • Be committed to up to 12 days a year for the role - more may be expected in the first year due to training
  • You must have the support of your employer for your commitment to the role. The role is voluntary however expenses including travel and training will be paid.

For details about the role, background information and how to apply go to:

Closing date is 5pm on 23 July 2021.


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