Authority

Actuary

Valuation Report
31st March 2013

Assets
(£m)

Liabilities
(£m)

Funding
level

Avon

Mercer

Valuation pdf, 57 pgs, 245.76 kb

3,146

4,023

78%

Barking and Dagenham

Hymans Robertson

Valuation pdf, 39 pgs, 468.45 kb

636

902

71%

Barnet

Barnett Waddingham

Valuation pdf, 30 pgs, 598.46 kb

789

1,000

79%

Bedfordshire

Hymans Robertson

Valuation pdf, 43 pgs, 426.58 kb

1,467

2,092

70%

Berkshire

Barnett Waddingham

Valuation pdf, 34 pgs, 1,125.27 kb

1,562

2,089

75%

Bexley

Mercer

Valuation pdf, 41 pgs, 179.13 kb

560

641

87%

Brent

Hymans Robertson

Valuation pdf, 39 pgs, 409.22 kb

554

997

56%

Bromley

Mercer

Valuation pdf, 39 pgs, 158.50kb

584

712

82%

Buckinghamshire

Barnett Waddingham

Valuation pdf, 35 pgs, 934.93 kb

1,769

2,157

82%

Cambridgeshire

Hymans Robertson

Valuation pdf, 46 pgs, 817.66 kb

1,905

2,633

72%

Camden

Hymans Robertson

Valuation pdf, 42 pgs, 497.86 kb

1,124

1,487

76%

Cardiff and Vale of Glamorgan

Aon Hewitt

Valuation pdf, 54 pgs, 606.07 kb

1,369

1,680

82%

Cheshire

Hymans Robertson

Valuation pdf, 44 pgs, 467.19 kb

3,259

3,982

82%

City of London Corporation

Barnett Waddingham

Valuation pdf, 24 pgs, 532.65 kb

702

830

85%

City of Westminster

Barnett Waddingham

Valuation pdf, 27 pgs, 578.21 kb

867

1,164

75%

Clwyd

Mercer

Valuation pdf, 38 pgs, 166.42 kb

1,181

1,733

68%

Cornwall

Hymans Robertson

Valuation pdf, 42 pgs, 770.94 kb

1,343

1,803

75%

Croydon

Hymans Robertson

Valuation pdf, 40 pgs, 790.60 kb

705

1,064

66%

Cumbria

Mercer

Valuation pdf, 46 pgs, 481.51 kb

1,659

2,116

78%

Derbyshire

Hymans Robertson

Valuation pdf, 41 pgs, 844.31 kb

3,121

3,784

83%

Devon

Barnett Waddingham

Valuation pdf, 36 pgs, 963.87 kb

2,985

3,589

83%

Dorset

Barnett Waddingham

Valuation pdf, 36 pgs, 853.83 kb

1,913

2,327

82%

Durham

Aon Hewitt

Valuation pdf, 57 pgs, 643.70 kb

2,059

2,438

84%

Dyfed

Mercer

Valuation pdf, 44 pgs, 676.37 kb

1,581

1,780

89%

Ealing

Mercer

Valuation pdf, 38 pgs, 155.61 kb

800

1,116

72%

East Riding

Hymans Robertson

Valuation pdf, 46 pgs, 522.43 kb

3,078

3,938

78%

East Sussex

Hymans Robertson

Valuation pdf, 43 pgs, 786.22 kb

2,344

2,885

81%

Enfield

Aon Hewitt

Valuation pdf, 50 pgs, 570.59 kb

731

864

85%

Environment Agency - active

Hymans Robertson

Valuation pdf, 38 pgs, 545.76 kb

2,118

2,351

90%

Environment Agency - closed*

Hymans Robertson

Valuation pdf, 35 pgs, 899.75 kb

166

860

19%

Essex

Barnett Waddingham

Valuation pdf, 60 pgs, 1,701.19 kb

3,926

4,878

81%

Gloucestershire

Hymans Robertson

Valuation pdf, 44 pgs, 528.43 kb

1,385

1,976

70%

Greater Gwent (Torfaen)

Mercer

Valuation pdf, 41 pgs, 172.41 kb

1,924

2,723

71%

Greater Manchester

Hymans Robertson

Valuation pdf, 55 pgs, 540.08 kb

12,590

13,907

91%

Greenwich

Barnett Waddingham

Valuation pdf, 25 pgs, 542.10 kb

878

1,020

86%

Gwynedd

Hymans Robertson

Valuation pdf, 40 pgs, 435.64 kb

1,195

1,405

85%

Hackney

Hymans Robertson

Valuation pdf, 40 pgs, 766.76 kb

954

1,360

70%

Hammersmith and Fulham

Barnett Waddingham

Valuation pdf, 28 pgs, 352.85 kb

716

863

83%

Hampshire

Aon Hewitt

Valuation pdf, 77 pgs, 800.09 kb

4,341

5,428

80%

Haringey

Hymans Robertson

Valuation pdf, 39 pgs, 483.22 kb

863

1,232

70%

Harrow

Hymans Robertson

Valuation pdf, 39 pgs, 782.94 kb

552

786

70%

Havering

Hymans Robertson

Valuation pdf, 40 pgs, 439.12 kb

461

752

61%

Hertfordshire

Hymans Robertson

Valuation pdf, 47 pgs, 489.49 kb

2,908

3,525

83%

Hillingdon

Hymans Robertson

Valuation pdf, 38 pgs, 440.35 kb

683

949

72%

Hounslow

Barnett Waddingham

Valuation pdf, 26 pgs, 509.71 kb

684

809

85%

Isle of Wight

Hymans Robertson

Valuation pdf, 38 pgs, 819.31 kb

388

499

78%

Islington

Mercer

Valuation pdf, 38 pgs, 156.23 kb

919

1,312

70%

Kensington and Chelsea

Barnett Waddingham

Valuation pdf, 26 pgs, 480.01 kb

630

663

95%

Kent

Barnett Waddingham

Valuation pdf, 53 pgs, 1,997.68 kb

3,786

4,570

83%

Kingston upon Thames

Hymans Robertson

Valuation pdf, 39 pgs, 755.46 kb

502

712

71%

Lambeth

Hymans Robertson

Valuation pdf, 39 pgs, 760.74 kb

951

1,310

73%

Lancashire

Mercer

Valuation pdf, 53 pgs, 216.45 kb

5,011

6,388

78%

Leicestershire

Hymans Robertson

Valuation pdf, 41 pgs, 457.77 kb

2,628

3,652

72%

Lewisham

Hymans Robertson

Valuation pdf, 39 pgs, 756.64 kb

868

1,215

71%

Lincolnshire

Hymans Robertson

Valuation pdf, 44 pgs, 790.89 kb

1,495

2,092

72%

London Pensions Fund Authority
(Active sub fund)

Barnett Waddingham

Valuation pdf, 35 pgs, 1,096.35 kb

4,659

5,143

91%

London Pensions Fund Authority
(Pensioner sub fund)

 

Merged with Active sub fund

     
Merseyside

Mercer

Valuation pdf, 47 pgs, 203.94 kb

5,819

7,688

76%

Merton

Barnett Waddingham

Valuation pdf, 25 pgs, 471.57 kb

Rates and Adjustments pdf, 1 pg,88.1 kb

451

504

89%

Newham

Barnett Waddingham

Valuation pdf, 28 pgs, 472.36 kb

817

1,115

73%

Norfolk

Hymans Robertson

Valuation pdf, 45 pgs, 467.44 kb

2,484

3,189

78%

North Yorkshire

Mercer

Valuation pdf, 44 pgs, 165.82 kb

1,841

2,509

73%

Northamptonshire

Hymans Robertson

Valuation pdf, 46 pgs, 523.09 kb

1,545

2,191

71%

Northumberland

Aon Hewitt

Valuation pdf, 51 pgs, 816.56kb

914

1,127

81%

Nottinghamshire

Barnett Waddingham

Valuation pdf, 42 pgs, 1,058.74 kb

3,470

4,090

85%

Oxfordshire

Barnett Waddingham

Valuation pdf, 33 pgs, 992.14 kb

1,510

1,840

82%

Powys

Aon Hewitt

Valuation pdf, 48 pgs, 581.66 kb

425

541

79%

Redbridge

Hymans Robertson

Valuation pdf, 38 pgs, 475.28 kb

534

693

77%

Rhondda Cynon Taf

Aon Hewitt

Valuation pdf, 55 pgs, 338.75 kb

2,080

2,665

78%

Richmond

Hymans Robertson

Valuation pdf, 38 pgs, 797.89 kb

504

607

83%

Shropshire

Mercer

Valuation pdf, 44 pgs, 183.46 kb

1,235

1,618

76%

Somerset

Barnett Waddingham

Valuation pdf, 32 pgs, 763.47 kb

1,355

1,800

75%

South Yorkshire

Mercer

Valuation pdf, 57 pgs, 245.97 kb

5,288

6,997

76%

South Yorkshire Passenger Transport

Barnett Waddingham

Valuation pdf, 18 pgs, 616.17 kb

194

227

86%

Southwark

Aon Hewitt

Valuation pdf, 50 pgs, 749.96 kb

995

1,204

83%

Staffordshire

Hymans Robertson

Valuation pdf, 45 pgs, 460.40 kb

3,070

4,279

72%

Suffolk

Hymans Robertson

Valuation pdf, 42 pgs, 849.70 kb

1,767

2,235

79%

Surrey

Hymans Robertson

Valuation pdf, 43 pgs, 447.93 kb

2,559

3,538

72%

Sutton

Hymans Robertson

Valuation pdf, 40 pgs, 766.76 kb

430

645

67%

Swansea

Aon Hewitt

Confidential by request

1,278

1,580

81%

Teesside

Aon Hewitt

Valuation pdf, 60 pgs, 410.44 kb

2,956

2,919

101%

Tower Hamlets

Hymans Robertson

Valuation pdf, 39 pgs, 473.85 kb

928

1,293

72%

Tyne and Wear

Aon Hewitt

Valuation pdf, 69 pgs, 691.67 kb

5,432

6,666

82%

Waltham Forest

Mercer

Valuation pdf, 38 pgs, 154.85 kb

600

1,003

60%

Wandsworth

Barnett Waddingham

Valuation pdf, 28 pgs, 609.18 kb

980

1,035

95%

Warwickshire

Hymans Robertson

Valuation pdf, 43 pgs, 773.18 kb

1,379

1,798

77%

West Midlands

Mercer

Valuation pdf, 63 pgs, 591.51 kb

9,886

14,091

70%

West Midlands Passenger Transport

Mercer

Valuation pdf, 37 pgs, 159.84 kb

449

563

80%

West Sussex

Hymans Robertson

Valuation pdf, 45 pgs, 520.63 kb

2,370

2,741

87%

West Yorkshire

Aon Hewitt

Valuation pdf, 86 pgs, 911.46 kb

9,957

10,411

96%

Wiltshire

Hymans Robertson

Valuation pdf, 41 pgs, 776.10 kb

1,484

2,094

71%

Worcestershire

Mercer

Valuation pdf, 45 pgs, 185.92 kb

1,721

2,488

69%

Total**

   

180,515

227,330

79%

*Environment Agency - closed fund. Since the Closed Fund has no contribution income, the Government has accepted that under Section 173 of the Water Act 1989 it has a statutory obligation to ensure that the Closed Fund can always meet its pensions and other related liabilities.
**Since the The Environment Agency - closed fund is unique in its funding within the LGPS, its assets and liabilities have not been included in the scheme funding level calculation.