What Avon Pension Fund does

Avon Pension Fund is a statutory Local Government Pension Scheme (LGPS) administered by Bath & North East Somerset Council, providing defined benefit retirement benefits to local government employees across the Avon region in South West England. Membership is automatic for employees of participating LGPS employers, with active, deferred, and pensioner member segments served through a multi-channel service model that combines the proprietary 'My Pension Online' digital portal, telephone helpline, written correspondence, and in-person appointments at Keynsham library.

The Fund manages approximately £6 billion in assets across a diversified portfolio spanning equities, fixed income, renewable infrastructure, and local impact investments. Investment management was historically delivered through the Brunel Pension Partnership and is transitioning to Local Pension Partnership Investments (LPPI) from October 2025. The Fund has built a recognized responsible-investment franchise, committing to net zero emissions across all investments by 2045, achieving a 71% reduction in listed-equity carbon footprint versus 2019 baseline, and operating a Local Impact Portfolio targeted to grow to £300 million by 2027 that funds affordable housing, regional solar projects, and local businesses in partnership with organisations such as Octopus Capital. The Fund is governed by a committee that actively consults members on controversial investment exposures, including a recent decision to retain Aerospace & Defence holdings.

As a public sector scheme, Avon Pension Fund generates no commercial revenue; member and employer contribution rates are set by LGPS regulations, administrative costs are borne by participating employers, and the Fund's financial sustainability is measured by its funding position, which stood at 98% as of March 2024. The organisation is supported by approximately 37 staff and is headquartered at Lewis House in Bath.

Name

Avon Pension Fund

Legal name

Avon Pension Fund

Website

https://avonpensionfund.org.uk

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Avon Pension Fund is a statutory Local Government Pension Scheme administered by Bath & North East Somerset Council, providing defined benefit retirement benefits to local government employees across the Avon region and managing approximately £6 billion in assets.

Ownership category

akta.pro rank

Product category

Public Sector Pension Fund

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Defined benefit pensions
• Public pension scheme
• Pension fund management
• Responsible investment
• Local government pensions

Headquarters

HQ city

Bath

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Pension contributions: Members and their employers make regular pension contributions into the fund. The Fund invests these contributions to generate returns sufficient to pay promised pension benefits.
2. Investment returns: The Fund generates returns through its investment portfolio including equities, fixed income, renewable infrastructure, and local impact investments. These returns fund the payment of pension benefits to members.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Avon Pension Fund administers the Local Government Pension Scheme (LGPS) for local government employees across the Avon region, providing defined benefit retirement pensions with statutory guarantees. The Fund manages approximately £6 billion in investments across equities, fixed income, renewable infrastructure, and local impact investments to generate returns sufficient to pay promised pension benefits. Members access their accounts, view statements, and manage communications through the My Pension Online digital portal.

Product overview

Avon Pension Fund is a Local Government Pension Scheme (LGPS) administered by Bath & North East Somerset Council. It provides retirement benefits to local government employees in the Avon area. The Fund offers a member portal called 'My Pension Online' for members to access their pension accounts, view statements, and manage their pension. Services include paying in/pension contributions, retirement planning, pension payments, and deferred pension management. The Fund also manages approximately £6 billion in investments supporting housing, green energy, and local businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• LGPS Defined Benefit Pension Scheme A statutory defined benefit pension scheme for local government employees, providing guaranteed retirement income at 1/49th career average revalued earnings (CARE) accrual rate with death benefits, survivor pensions, ill-health retirement benefits, and tax-free lump sum options at retirement. Automatically available to employees of participating LGPS employers.
• My Pension Online Portal Digital self-service portal allowing members to view Annual Deferred Statements, update communication preferences, access pension documents, request pension estimates, and transfer in pensions from other schemes. Available to all LGPS members.
• LGPS Councillor Scheme Pension scheme for elected councillors and mayors in England, allowing opt-in membership to LGPS. Individuals must actively complete an opt-in form and return it to the authority they serve. Provides pension benefits for elected political roles.

Quantifiable outcome

• Achieved 71% reduction in listed equity carbon footprint versus 2019 baseline, ahead of 2030 targets
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Institutional Investors Group on Climate Change (IIGCC)coreStrategic or Co-development PartnerAvon Pension Fund is a member of IIGCC, a group of institutional investors collaborating on climate change implications. IIGCC represents 400 members with over £40 trillion in assets.
• Local Authority Pension Fund Forum (LAPFF)coreStrategic or Co-development PartnerAvon Pension Fund is a member of LAPFF, the UK's largest collaborative forum for collective engagement, covering £425 billion in collective assets under management.
• Climate Action 100+coreStrategic or Co-development PartnerAvon Pension Fund participates in Climate Action 100+, an investor initiative ensuring major corporate greenhouse gas emitters take action on climate change.
• Octopus CapitalcoreStrategic or Co-development PartnerWorking with Octopus Capital, Avon Pension Fund supports development of high-quality affordable family homes locally and nationally. Partnership has funded over 1,000 homes.

Scale indicators6 records

Recent moves3 records

Expansion highlights5 records

Others

• Brunel Pension Partnership: Former Avon pension pool managing circa £30bn for 10 LGPS funds; comparable pooled vehicle infrastructure, though Avon is transitioning away to LPPI.
• Local Pensions Partnership: Pooled investment vehicle now managing Avon assets; comparable as an LGPS investment pool providing scale and shared governance — adjacent infrastructure rather than a competing fund.
• Border to Coast Pensions Partnership: One of the national LGPS pools serving multiple member funds; comparable pooled infrastructure providing collective investment management, governance, and responsible investment capabilities.

Broad incumbents

• Teachers' Pension Scheme: Much larger UK public-sector DB pension scheme serving teachers; comparable statutory framework and DB design, but materially greater scale and a profession-specific scheme.
• NHS Pension Scheme: Major UK public-sector DB pension scheme administered centrally; broader in scope and scale than Avon but similar in government-administered defined benefit design and statutory underpinning.

Direct peers

• Strathclyde Pension Fund: One of the largest UK public-sector DB pension funds covering local government employees; comparable scale, governance, and investment strategy across equities, fixed income, and alternatives.
• West Midlands Pension Fund: English LGPS fund administered by a regional authority serving local government workers; same statutory scheme, comparable size bracket, similar pool participation.
• Merseyside Pension Fund: English LGPS fund of similar scale administering DB benefits for local government employees. Comparable governance structure, contribution model, and approach to pool membership.
• Greater Manchester Pension Fund: One of the largest English LGPS funds with the same defined benefit structure, public-sector membership, and pool participation model. Directly comparable on scheme design, governance, and responsible investment emphasis.
• Environment Agency Pension Fund: Public-sector defined benefit pension scheme with a comparable member base and a strong responsible investment profile. Similar benefit design and active stewardship approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/avon-pension-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avon Pension Fund