Authority

Actuary

Valuation Report
31st March 2016

Assets
(£m)

Liabilities
(£m)

Funding
level

Avon

Mercer

Valuation pdf, 696.89 kb

3,737

4,355

86%

Barking and Dagenham

Hymans Robertson

Valuation pdf, 511.29 kb

772

1,001

77%

Barnet

Hymans Robertson

Valuation pdf, 905.83 kb

916

1,256

73%

Bedfordshire

Hymans Robertson

Valuation pdf, 895.48 kb

1,733

2,446

71%

Berkshire

Barnett Waddingham

Valuation pdf, 886.47 kb

1,645

2,242

73%

Bexley

Mercer

Valuation pdf, 1875.79 kb

680

725

94%

Brent

Hymans Robertson

Valuation pdf, 898.55 kb

676

1,238

55%

Bromley

Mercer

Valuation pdf, 1351.62 kb

748

818

91%

Buckinghamshire

Barnett Waddingham

Valuation pdf, 907.76 kb

2,203

2,538

87%

Cambridgeshire

Hymans Robertson

Valuation pdf, 908.09 kb

2,277

2,902

79%

Camden

Hymans Robertson

Valuation pdf, 885.88 kb

1,249

1,639

76%

Cardiff and Vale of Glamorgan

Aon Hewitt

Valuation pdf, 874.25 kb

1,653

1,953

85%

Cheshire

Hymans Robertson

Valuation pdf, 869.82 kb

4,153

4,620

90%

City of London Corporation

Barnett Waddingham

Valuation pdf, 590.67 kb

796

946

84%

City of Westminster

Barnett Waddingham

Valuation pdf, 638.74 kb

1,057

1,321

80%

Clwyd

Mercer

Valuation pdf, 4274.18 kb

1,381

1,818

76%

Cornwall

Hymans Robertson

Valuation pdf, 550.41 kb

1,475

1,961

75%

Croydon

Hymans Robertson

Valuation pdf, 924.95 kb

877

1,203

73%

Cumbria

Mercer

Valuation pdf, 3711.43 kb

2,047

2,257

91%

Derbyshire

Hymans Robertson

Valuation pdf, 1003.06 kb

3,672

4,236

87%

Devon

Barnett Waddingham

Valuation pdf, 1086.67 kb

3,311

3,939

84%

Dorset

Barnett Waddingham

Valuation pdf, 957.38 kb

2,249

2,701

83%

Durham

Aon Hewitt

Valuation pdf, 663.11 kb

2,321

2,851

81%

Dyfed

Mercer

Valuation pdf, 991.55 kb

1,900

1,964

97%

Ealing

Mercer

Valuation pdf, 6857.94 kb

954

1,192

80%

East Riding

Hymans Robertson

Valuation pdf, 940.22 kb

3,714

4,226

88%

East Sussex

Hymans Robertson

Valuation pdf, 813.21 kb

2,771

3,012

92%

Enfield

Aon Hewitt

Valuation pdf, 1093.08 kb

916

1,048

87%

Environment Agency - active

Hymans Robertson

Valuation pdf, 897.69 kb

2,730

2,641

103%

Environment Agency - closed*

Hymans Robertson

Valuation pdf, 608.65 kb

219

711

31%

Essex

Barnett Waddingham

Valuation pdf, 1545.33 kb

4,993

5,598

89%

Gloucestershire

Hymans Robertson

Valuation pdf, 557.58 kb

1,703

2,138

80%

Greater Gwent (Torfaen)

Hymans Robertson

Valuation pdf, 765.16 kb

2,210

3,060

72%

Greater Manchester

Hymans Robertson

Valuation pdf, 725.18 kb

17,325

18,696

93%

Greenwich

Barnett Waddingham

Valuation pdf, 665.32 kb

1,044

1,149

91%

Gwynedd

Hymans Robertson

Valuation pdf, 792.34 kb

1,525

1,670

91%

Hackney

Hymans Robertson

Valuation pdf, 870.57 kb

1,172

1,522

77%

Hammersmith and Fulham

Barnett Waddingham

Valuation pdf, 648.86 kb

851

966

88%

Hampshire

Aon Hewitt

Valuation pdf, 1666.22 kb

5,213

6,453

81%

Haringey

Hymans Robertson

Valuation pdf, 545.88 kb

1,046

1,323

79%

Harrow

Hymans Robertson

Valuation pdf, 856.45 kb

661

889

74%

Havering

Hymans Robertson

Valuation pdf, 541.05 kb

573

857

67%

Hertfordshire

Hymans Robertson

Valuation pdf, 971.88 kb

3,584

3,920

91%

Hillingdon

Hymans Robertson

Valuation pdf, 927.99 kb

810

1,079

75%

Hounslow

Barnett Waddingham

Valuation pdf, 705.52 kb

772

916

84%

Isle of Wight

Hymans Robertson

Valuation pdf, 900.94 kb

474

518

92%

Islington

Mercer

Valuation pdf, 1854.84 kb

1,084

1,383

78%

Kensington and Chelsea

Barnett Waddingham

Valuation pdf, 589.12 kb

834

808

103%

Kent

Barnett Waddingham

Valuation pdf, 1080.92 kb

4,556

5,103

89%

Kingston upon Thames

Hymans Robertson

Valuation pdf, 867.25 kb

649

794

82%

Lambeth

Hymans Robertson

Valuation pdf, 859.97 kb

1,142

1,429

80%

Lancashire

Mercer

Valuation pdf, 2652.35 kb

6,036

6,726

90%

Leicestershire

Hymans Robertson

Valuation pdf, 555.21 kb

3,164

4,153

76%

Lewisham

Hymans Robertson

Valuation pdf, 871.48 kb

1,041

1,328

78%

Lincolnshire

Hymans Robertson

Valuation pdf, 907.31 kb

1,759

2,288

77%

London Pensions Fund Authority

Barnett Waddingham

Valuation pdf, 633.38 kb

4,515

4,698

96%

Merseyside

Mercer

Valuation pdf, 2151.79 kb

6,850

8,081

85%

Merton

Barnett Waddingham

Valuation pdf, 640.68 kb

526

558

94%

Newham

Barnett Waddingham

Valuation pdf, 652.31 kb

1,098

1,300

85%

Norfolk

Hymans Robertson

Valuation pdf, 491.95 kb

2,901

3,611

80%

North Yorkshire

Mercer

Valuation pdf, 911.29 kb

2,418

2,701

90%

Northamptonshire

Hymans Robertson

Valuation pdf, 774 kb

1,871

2,388

78%

Northumberland

Aon Hewitt

Valuation pdf, 1064.53 kb

1,055

1,262

84%

Nottinghamshire

Barnett Waddingham

Valuation pdf, 1052.23 kb

4,028

4,649

87%

Oxfordshire

Barnett Waddingham

Valuation pdf, 821.57 kb

1,825

2,030

90%

Powys

Aon Hewitt

Valuation pdf, 723.31 kb

502

631

80%

Redbridge

Hymans Robertson

Valuation pdf, 537.52 kb

634

789

80%

Rhondda Cynon Taf

Aon Hewitt

Valuation pdf, 648.04 kb

2,485

3,064

81%

Richmond

Hymans Robertson

Valuation pdf, 685.63 kb

599

656

91%

Shropshire

Mercer

Valuation pdf, 4410.58 kb

1,494

1,772

84%

Somerset

Barnett Waddingham

Valuation pdf, 765.43 kb

1,582

2,044

77%

South Yorkshire

Mercer

Valuation pdf, 1129.71 kb

6,268

7,293

86%

South Yorkshire Passenger Transport

Barnett Waddingham

Valuation pdf, 4843.67 kb

204

229

89%

Southwark

Aon Hewitt

Valuation pdf, 571.37 kb

1,256

1,432

88%

Staffordshire

Hymans Robertson

Valuation pdf, 873.51 kb

3,753

4,813

78%

Suffolk

Hymans Robertson

Valuation pdf, 555.23 kb

2,213

2,429

91%

Surrey

Hymans Robertson

Valuation pdf, 698.27 kb

3,213

3,892

83%

Sutton

Barnett Waddingham

Valuation pdf, 1061.05 kb

503

632

80%

Swansea

Aon Hewitt

Valuation pdf, 668.42 kb

1,513

1,896

80%

Teesside

Aon Hewitt

Valuation pdf, 765.1 kb

3,133

3,122

100%

Tower Hamlets

Hymans Robertson

Valuation pdf, 869 kb

1,126

1,361

83%

Tyne and Wear

Aon Hewitt

Valuation pdf, 1000.46 kb

6,427

7,519

86%

Waltham Forest

Mercer

Valuation pdf, 713.24 kb

716

1,026

70%

Wandsworth

Barnett Waddingham

Valuation pdf, 693.39 kb

1,177

1,162

101%

Warwickshire

Hymans Robertson

Valuation pdf, 890.88 kb

1,665

2,023

82%

West Midlands

Barnett Waddingham

Valuation pdf, 1692.4 kb

11,569

14,219

81%

West Midlands Passenger Transport

Barnett Waddingham

Valuation pdf, 705.76 kb

464

569

82%

West Sussex

Hymans Robertson

Valuation pdf, 532.97 kb

2,986

3,144

95%

West Yorkshire

Aon Hewitt

Valuation pdf, 1243.42 kb

11,212

11,955

94%

Wiltshire

Hymans Robertson

Valuation pdf, 1476.52 kb

1,831

2,246

82%

Worcestershire

Mercer

Valuation pdf, 1324.46 kb

1,952

2,606

75%

Total**

   

216,400

253,613

85%

*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.