Authority

Actuary

Valuation Report
31st March 2019

Assets
(£m)

Liabilities
(£m)

Funding
level

Avon

Mercer

Valuation pdf, 80 pages, 1058.26 kb

4,818

5,102

94%

Barking and Dagenham

Hymans

Valuation pdf, 26 pages, 1324.64 kb

1,022

1,141

90%

Barnet

Hymans

Valuation pdf, 27 pages, 1509.71 kb

1,152

1,342

86%

Bedfordshire

Barnett Waddingham

Valuation pdf, 45 pages, 1904.25 kb

2,291

2,847

81%

Berkshire

Barnett Waddingham

Valuation pdf, 47 pages, 1614.51 kb

2,086

2,683

78%

Bexley

Mercer

Valuation pdf, 50 pages, 976.31 kb

873

862

101%

Brent

Hymans

Valuation pdf, 26 pages, 1325.25 kb

856

1,104

78%

Bromley

Mercer

Valuation pdf, 54 pages, 933.01 kb

1,039

945

110%

Buckinghamshire

Barnett Waddingham

Valuation pdf, 49 pages, 1185.88 kb

2,989

3,175

94%

Cambridgeshire

Hymans

Valuation pdf, 33 pages, 1276.5 kb

3,193

3,204

100%

Camden

Hymans

Valuation pdf, 28 pages, 1728.59 kb

1,657

1,613

103%

Cardiff

Aon

Valuation pdf, 56 pages, 976.78 kb

2,178

2,272

96%

Cheshire

Hymans

Valuation pdf, 31 pages, 1586.95 kb

5,583

5,739

97%

City of London Corporation

Barnett Waddingham

Valuation pdf, 30 pages, 1293.14 kb

1,063

1,176

90%

City of Westminster

Barnett Waddingham

Valuation pdf, 32 pages, 1214.23 kb

1,411

1,431

99%

Clwyd

Mercer

Valuation pdf, 43 pages, 922.45 kb

1,867

2,044

91%

Cornwall

Hymans

Valuation pdf, 28 pages, 1528.14 kb

1,926

2,133

90%

Croydon

Hymans

Valuation pdf, 27 pages, 1616.52 kb

1,258

1,423

88%

Cumbria

Mercer

Valuation pdf, 47 pages, 1489.38 kb

2,703

2,731

99%

Derbyshire

Hymans

Valuation pdf, 31 pages, 1608.4 kb

4,929

5,092

97%

Devon

Barnett Waddingham

Valuation pdf, 47 pages, 1315 kb

4,273

4,672

92%

Dorset

Barnett Waddingham

Valuation pdf, 42 pages, 1398.05 kb

3,014

3,269

92%

Durham

Aon

Valuation pdf, 56 pages, 2361.3 kb

2,982

3,178

94%

Dyfed

Mercer

Valuation pdf, 45 pages, 902.65 kb

2,576

2,444

105%

Ealing

Mercer

Valuation pdf, 42 pages, 938.46 kb

1,260

1,384

91%

East Riding

Hymans

Valuation pdf, 30 pages, 2579.7 kb

5,058

4,634

109%

East Sussex

Hymans

Valuation pdf, 30 pages, 1566.02 kb

3,633

3,386

107%

Enfield

Aon

Valuation pdf, 50 pages, 773.62 kb

1,186

1,146

103%

Environment Agency - active

Hymans

Valuation pdf, 25 pages, 2545.78 kb

3,646

3,435

106%

Environment Agency - closed*

Hymans

Valuation pdf, 22 pages, 2317.08 kb

294

574

51%

Essex

Barnett Waddingham

Valuation pdf, 50 pages, 1539.19 kb

6,711

6,917

97%

Gloucestershire

Hymans

Valuation pdf, 27 pages, 1580.99 kb

2,379

2,338

102%

Greater Gwent (Torfaen)

Hymans

Valuation pdf, 26 pages, 1348.19 kb

2,929

3,407

86%

Greater Manchester

Hymans

Valuation pdf, 39 pages, 1404.26 kb

23,844

23,314

102%

Greenwich

Barnett Waddingham

Valuation pdf, 32 pages, 1341.77 kb

1,326

1,371

97%

Gwynedd

Hymans

Valuation pdf, 26 pages, 1622.6 kb

2,081

1,925

108%

Hackney

Hymans

Valuation pdf, 25 pages, 1520.87 kb

1,575

1,706

92%

Hammersmith and Fulham

Barnett Waddingham

Valuation pdf, 33 pages, 1483.72 kb

1,043

1,079

97%

Hampshire

Aon

Valuation pdf, 64 pages, 1137.85 kb

7,182

7,260

99%

Haringey

Hymans

Valuation pdf, 26 pages, 1512.98 kb

1,384

1,378

100%

Harrow

Hymans

Valuation pdf, 25 pages, 1555.61 kb

851

903

94%

Havering

Hymans

Valuation pdf, 24 pages, 1502.46 kb

733

1,054

70%

Hertfordshire

Hymans

Valuation pdf, 28 pages, 1588.00 kb

4,835

4,922

98%

Hillingdon

Hymans

Valuation pdf, 25 pages, 1639.45 kb

1,067

1,228

87%

Hounslow

Barnett Waddingham

Valuation pdf, 33 pages, 1786.5 kb

1,034

1,101

94%

Isle of Wight

Hymans

Valuation pdf, 25 pages, 1734.9 kb

596

628

95%

Islington

Mercer

Valuation pdf, 45 pages, 941.78 kb

1,377

1,626

85%

Kensington and Chelsea

Barnett Waddingham

Valuation pdf, 31 pages, 1521.21 kb

1,187

951

125%

Kent

Barnett Waddingham

Valuation pdf, 51 pages, 1797.31 kb

6,193

6,332

98%

Kingston upon Thames

Hymans

Valuation pdf, 24 pages, 1296.04 kb

839

882

95%

Lambeth

Hymans

Valuation pdf, 24 pages, 1550.84 kb

1,439

1,746

82%

Lancashire

Mercer

Valuation pdf, 60 pages, 1783.01 kb

8,410

8,398

100%

Leicestershire

Hymans

Valuation pdf, 29 pages, 1584.25 kb

4,312

4,849

89%

Lewisham

Hymans

Valuation pdf, 24 pages, 1508.96 kb

1,387

1,541

90%

Lincolnshire

Hymans

Valuation pdf, 30 pages, 1625.17 kb

2,353

2,536

93%

London Pensions Fund Authority

Barnett Waddingham

Valuation pdf, 31 pages, 855.16 kb

6,035

5,554

109%

Merseyside

Mercer

Valuation pdf, 61 pages, 1072.01 kb

8,883

8,793

101%

Merton

Barnett Waddingham

Valuation pdf, 29 pages, 1736.12 kb

718

698

103%

Newham

Barnett Waddingham

Valuation pdf, 35 pages, 1222.34 kb

1,432

1,490

96%

Norfolk

Hymans

Valuation pdf, 35 pages, 1626.59 kb

3,835

3,863

99%

North Yorkshire

Aon

Valuation pdf, 70 pages, 1073.78 kb

3,575

3,125

114%

Northamptonshire

Hymans

Valuation pdf, 30 pages, 1300.17 kb

2,502

2,679

93%

Northumberland

Aon

Valuation pdf, 52 pages, 949.84 kb

1,400

1,408

100%

Nottinghamshire

Barnett Waddingham

Valuation pdf, 59 pages, 2534.29 kb

5,415

5,820

93%

Oxfordshire

Hymans

Valuation pdf, 30 pages, 1560.7 kb

2,515

2,546

99%

Powys

Aon

Valuation pdf, 49 pages, 2276.78 kb

655

702

93%

Redbridge

Hymans

Valuation pdf, 25 pages, 1327.87 kb

803

954

84%

Rhondda Cynon Taf

Aon

Valuation pdf, 58 pages, 2484.54 kb

3,459

3,515

98%

Shropshire

Mercer

Valuation pdf, 49 pages, 1336.17 kb

1,915

2,047

94%

Somerset

Barnett Waddingham

Valuation pdf, 42 pages, 1084.16 kb

2,167

2,529

86%

South Yorkshire

Mercer

Valuation pdf, 83 pages, 1140.72 kb

8,440

8,503

99%

Southwark

Aon

Valuation pdf, 60 pages, 2314.03 kb

1,642

1,595

103%

Staffordshire

Hymans

Valuation pdf, 34 pages, 1622.05 kb

5,131

5,204

99%

Suffolk

Hymans

Valuation pdf, 27 pages, 2277.75 kb

2,931

2,966

99%

Surrey

Hymans

Valuation pdf, 32 pages, 1593.01 kb

4,286

4,483

96%

Sutton

Barnett Waddingham

Valuation pdf, 34 pages, 1854.91 kb

661

732

90%

Swansea

Aon

Valuation pdf, 59 pages, 885.27 kb

2,044

2,235

92%

Teesside

Aon

Valuation pdf, 54 pages, 2266.83 kb

4,088

3,561

115%

Tower Hamlets

Hymans

Valuation pdf, 25 pages, 1289.38 kb

1,552

1,525

102%

Tyne and Wear

Aon

Valuation pdf, 63 pages, 1103.71 kb

8,788

8,286

106%

Waltham Forest

Mercer

Valuation pdf, 43 pages, 990.98 kb

924

1,158

80%

Wandsworth

Barnett Waddingham

Valuation pdf, 33 pages, 1064.7 kb

2,135

2,035

105%

Warwickshire

Hymans

Valuation pdf, 29 pages, 1552.74 kb

2,166

2,346

92%

West Midlands Passenger Transport Pension Fund Barnett Waddingham

Valuation pdf, 33 pages, 2158.59 kb

495

428

84%

West Midlands

Barnett Waddingham

Valuation pdf, 110 pages, 1979.94 kb

15,634

16,648

94%

West Sussex

Hymans

Valuation pdf, 32 pages, 1579.06 kb

4,374

3,919

112%

West Yorkshire

Aon

Valuation pdf, 82 pages, 2597.83 kb

14,363

13,497

106%

Wiltshire

Hymans

Valuation pdf, 29 pages, 1545.79 kb

2,589

2,680

97%

Worcestershire

Mercer

Valuation pdf, 51 pages, 965.12 kb

2,795

3,090

91%

*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.