Funding Strategy Statement

Details

The Avon Pension Fund’s Administering Authority (Bath and North East Somerset Council) is responsible for ensuring the Fund has enough assets to meet long‑term pension liabilities. To support this, the Fund has created a Funding Strategy Statement (FSS), developed with advice from the Actuary. The FSS explains how each employer’s pension obligations will be financed. All relevant stakeholders were consulted before the strategy was finalised, and their feedback has been incorporated. 

The Pension Committee has approved the statement, and the Fund will continue updating the strategy over time to reflect changing circumstances, risk, and employer feedback. Preparation of the FSS is required under the governing Local Government Pension Scheme Regulations of 2013, 2014 and 2016, which collectively set the statutory framework for its development.