Latest news & announcements

There has been a lot of disturbing news lately about the fall in stock markets and the potential resultant impact on pensions, however, we would like to reassure you that your LGPS defined benefit pension is not linked to stock market performance and the benefits are instead set out in statute. Our members can therefore be assured that both their contributions and their pension, whether in payment or built up to date, will be unaffected.  Please note that this statement does not apply to any in-house AVC contributions you may be paying to our in-house provider Aviva which may be impacted by the fall in stock markets.

Due to the coronavirus (COVID-19), the pre-retirement workshops scheduled to be run by Affinity at the Old Manor House Hotel, Keynsham have been cancelled until further notice.

We will provide an update on the member website (www.avonpensionfund.org.uk), when they resume.

If you have booked to attend a workshop Affinity will be in contact to rearrange your booking.

I’ve heard about the fall in global stock market values and wondered if my pension is safe.

Yes, your local government pension is safe

You may have seen many articles in the media about the fall in share prices around the world, as companies struggle to cope with the impact of the coronavirus and wondered just how secure your pension from the Avon Pension Fund is.

The Avon Pension Fund is part of the Local Government Pension Scheme (LGPS). The LGPS is a statutory defined benefit scheme which means that your pension will continue to be worked out using a set formula and it is guaranteed by Government. LGPS is funded by pension contributions from members and scheme employers

The Avon Pension Fund reduces risk by spreading its investments across a wide number of different types of assets all over the world, including shares or equities, property, government bonds and company bonds. This means that if the value of one type of asset should fall (such as some equities in the current market), then the other investments will protect the Fund.

The Fund has experienced economic downturns in the past and a long-term view must be taken of investment returns.

Despite the uncertainty you may hear from the media concerning global markets, you should not be unduly concerned about your local government pension from Avon Pension Fund.

It is as secure a pension as it’s possible to have.

Brunel Pension Partnership Limited (Brunel) is one of eight national pooled funds and manages the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire. Brunel manages circa £30 billion investments on behalf of these 10 Local Government Pension Scheme funds.

The state of play in the finance sector and our role within it means our focus must be on shaping and influencing the investment system to ensure it is fit for purpose. Our priority is to catalyse change at scale, not only through our own efforts but in partnership with others, and by enabling our Clients to be agents of change in their own right.

The new climate change policy – ‘A five-point plan to build a financial system which is fit for a carbon-zero future’ – builds on insights gained in the course of procuring new asset managers for its 10 LGPS clients.