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

Updated Rates and Adjustment Certificate Feb 2021 pdf, 10 pages, 865 kb

Updated Rates and Adjustment Certificate May 2021 pdf, 11 pages, 860 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.