Authority Actuary Valuation Report 2010 Assets (£m) Liabilities (£m) Funding level
Avon Mercer Avon — 2010 Fund Valuation 2459 3011 81.7%
Barking and Dagenham Hymans Robertson Barking and Dagenham — 2010 Fund Valuation 549 729 75.3%
Barnet Barnett Waddingham Barnet — 2010 Fund Valuation 610 799 76.3%
Bedfordshire Hymans Robertson Bedfordshire — 2010 Fund Valuation 1168 1618 72.2%
Berkshire Barnett Waddingham DraftBerkshire 1308 1618 80.8%
Bexley Mercer Bexley — 2010 Fund Valuation 448 517 86.7%
Brent Aon Hewitt Brent — 2010 Fund Valuation 457 751 60.9%
Bromley Barnett Waddingham Bromley — 2010 Fund Valuation 429 511 84.0%
Buckinghamshire Barnett Waddingham Buckinghamshire — 2010 Fund Valuation 1322 1671 79.1%
Cambridgeshire Hymans Robertson Cambridgeshire — 2010 Fund Valuation 1494 2048 72.9%
Camden Hymans Robertson DraftCamden 877 1154 76.0%
Cardiff and Vale of Glamorgan Aon Hewitt Cardiff and Vale of Glamorgan — 2010 Fund Valuation 1031 1462 70.5%
Cheshire Hymans Robertson draftCheshire 2577 3177 81.1%
City of London Corporation Barnett Waddingham City of London Corporation — 2010 Fund Valuation 549 641 85.7%
City of Westminster Aon Hewitt City of Westminster — 2010 Fund Valuation 670 909 73.8%
Clwyd Mercer Clwyd — 2010 Fund Valuation 956 1332 71.8%
Cornwall Hymans Robertson Cornwall — 2010 Fund Valuation 1041 1330 78.3%
Croydon Mercer DraftCroydon 583 884 66.0%
Cumbria Mercer Cumbria — 2010 Fund Valuation 1278 1609 79.4%
Derbyshire Mercer Derbyshire — 2010 Fund Valuation 2409 2967 81.2%
Devon Barnett Waddingham DraftDevon 2327 2857 81.4%
Dorset Barnett Waddingham Dorset — 2010 Fund Valuation 1402 1777 78.9%
Durham Aon Hewitt Durham — 2010 Fund Valuation 1682 2101 80.1%
Dyfed Mercer Dyfed — 2010 Fund Valuation 1234 1363 90.5%
Ealing 610 868 70.3%
East Riding Hymans Robertson East Riding — 2013 Fund Valuation 2302 3110 74.0%
East Sussex Hymans Robertson 1869 2141 87.3%
Enfield Aon Hewitt DraftEnfield 570 698 81.7%
Environment Agency - active Hymans Robertson Environment Agency - active — 2010 Fund Valuation 1589 1684 94.4%
Environment Agency - closed* Hymans Robertson Environment Agency - closed* — 2010 Fund Valuation 125 906 13.8%
Essex Mercer DraftEssex 3085 4319 71.4%
Gloucestershire Hymans Robertson Gloucestershire 1054 1498 70.4%
Greater Gwent (Torfaen) Mercer Greater Gwent (Torfaen) — 2010 Fund Valuation 1512 2042 74.0%
Greater Manchester Hymans Robertson Greater Manchester — 2010 Fund Valuation 10445 10835 96.4%
Greenwich Barnett Waddingham 702 824 85.3%
Gwynedd Hymans Robertson Gwynedd — 2010 Fund Valuation 930 1114 83.5%
Hackney Hymans Robertson Hackney — 2010 Fund Valuation 729 1108 65.8%
Hammersmith and Fulham Barnett Waddingham Hammersmith and Fulham — 2010 Fund Valuation 532 718 74.1%
Hampshire Aon Hewitt Hampshire — 2010 Fund Valuation 3238 4497 72.0%
Haringey Hymans Robertson DraftHaringey 664 960 69.2%
Harrow Hymans Robertson Harrow — 2010 Fund Valuation 436 593 73.5%
Havering Hymans Robertson Havering — 2010 Fund Valuation 361 589 61.3%
Hertfordshire Hymans Robertson Hertfordshire — 2010 Fund Valuation 2194 2951 74.3%
Hillingdon Hymans Robertson Hillingdon — 2010 Fund Valuation 564 728 77.6%
Hounslow Barnett Waddingham DraftHounslow 509 628 81.0%
Isle of Wight Hymans Robertson Isle of Wight — 2010 Fund Valuation 296 393 75.3%
Islington Mercer Islington — 2010 Fund Valuation 733 1016 72.1%
Kensington and Chelsea Barnett Waddingham Kensington and Chelsea — 2010 Fund Valuation 451 509 88.6%
Kent Barnett Waddingham Kent — 2010 Fund Valuation 2780 3623 76.7%
Kingston upon Thames Aon Hewitt DraftKingston 385 530 72.6%
Lambeth Hymans Robertson Lambeth — 2010 Fund Valuation 765 1055 72.5%
Lancashire Mercer Lancashire — 2010 Fund Valuation 3962 4955 80.0%
Leicestershire Hymans Robertson DraftLeicestershire 2111 2640 80.0%
Lewisham Hymans Robertson Lewisham — 2010 Fund Valuation 715 949 75.3%
Lincolnshire Hymans Robertson Lincolnshire — 2010 Fund Valuation 1204 1585 76.0%
London Pensions Fund Authority(Active sub fund) Barnett Waddingham London Pensions Fund Authority(Active sub fund) — 2010 Fund Valuation 2417 2897 83.4%
London Pensions Fund Authority(Pensioner sub fund) 1300 1689 76.9%
Merseyside Mercer Merseyside — 2010 Fund Valuation 4706 6016 78.2%
Merton Barnett Waddingham Merton — 2010 Fund Valuation 344 411 83.7%
Newham Barnett Waddingham Newham — 2010 Fund Valuation 637 887 71.8%
Norfolk Hymans Robertson Norfolk — 2010 Fund Valuation 1936 2422 79.9%
North Yorkshire Mercer North Yorkshire — 2010 Fund Valuation 1345 2004 67.1%
Northamptonshire Hymans Robertson Northamptonshire — 2010 Fund Valuation 1206 1651 73.0%
Northumberland Aon Hewitt Northumberland — 2010 Fund Valuation 719 922 78.0%
Nottinghamshire Barnett Waddingham 2637 3158 83.5%
Oxfordshire Barnett Waddingham Oxfordshire — 2010 Fund Valuation 1079 1367 79.0%
Powys Aon Hewitt Powys — 2010 Fund Valuation 324 453 71.4%
Redbridge Hymans Robertson Redbridge — 2010 Fund Valuation 397 560 70.9%
Rhondda Cynon Taf 1569 2241 70.0%
Richmond 393 491 80.1%
Shropshire Mercer DraftShropshire 951 1177 80.8%
Somerset Barnett Waddingham Somerset — 2010 Fund Valuation 1068 1390 76.9%
South Yorkshire Mercer South Yorkshire — 2010 Fund Valuation 4076 5161 79.0%
South Yorkshire Passenger Transport Barnett Waddingham South Yorkshire Passenger Transport — 2010 Fund Valuation 158 185 85.6%
Southwark Aon Hewitt DraftSouthwark 789 1011 78.0%
Staffordshire Hymans Robertson 2435 3257 74.8%
Suffolk Hymans Robertson 1415 1721 82.2%
Surrey Hymans Robertson Surrey — 2010 Fund Valuation 1944 2699 72.0%
Sutton Hymans Robertson DraftSutton 337 490 68.8%
Swansea Aon Hewitt Swansea — 2010 Fund Valuation 1017 1336 76.1%
Teesside Barnett Waddingham DraftTeeside 2233 2250 99.2%
Tower Hamlets Hymans Robertson 755 1060 71.0%
Tyne and Wear Aon Hewitt Tyne and Wear — 2010 Fund Valuation 4305 5436 79.2%
Waltham Forest Mercer Waltham Forest — 2010 Fund Valuation 480 798 60.2%
Wandsworth 769 844 91.1%
Warwickshire Mercer Warwickshire — 2010 Fund Valuation 1099 1328 82.8%
West Midlands Mercer West Midlands — 2010 Fund Valuation 8008 10622 75.4%
West Midlands Passenger Transport Mercer West Midlands Passenger Transport — 2010 Fund Valuation 382 453 84.3%
West Sussex Hymans Robertson West Sussex — 2010 Fund Valuation 1759 2047 85.9%
West Yorkshire 7942 8540 93.0%
Wiltshire Hymans Robertson draftWiltshire 1167 1563 74.7%
Worcestershire Mercer Worcestershire — 2010 Fund Valuation 1366 1979 69.0%
Total** 141621 178512 79.0%
  • Last edited: Jan 20, 2026
  • Published: Oct 01, 2025

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