Members will be pleased to hear that it was a strong year for financial performance, local investments, and member services.

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. 

This month around 20,000 randomly selected members are receiving an invitation to participate in the investments survey. The survey will ask whether they think the Fund should continue investing in Aerospace & Defence companies.

As we look back on the past year, we're proud to share the progress we've made together. From strengthening our financial position to enhancing the services we provide, it’s been a year of meaningful change and improvements for the Fund and its members.

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. 

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.

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.