Published: September 26, 2025
Avon Pension Fund has announced its decision to join LPPI – becoming the third fund this week to announce its preferred new home.
It also becomes the second Brunel fund to opt for LPPI, following Devon’s decision to go there earlier in the week.
It comes after the fund reviewed its options with the support of KPMG, which considered factors like investment strength, cost savings, culture and alignment with government goals.
Commenting on the news, Councillor Toby Simon, chair of the Avon Pension Fund, said: “LPPI have impressed us throughout this process with their strong investment and advisory capabilities and commitments to their new shareholders.
“We see significant opportunities for the new, larger pool to enhance purchasing power, deliver cost efficiencies and unlock access to new investment opportunities.”
In his response to the news, LPPI chief executive Chris Rule said: “We’re very pleased that Avon has selected LPPI as its preferred pool.
“We’re looking forward to working together closely as partners to achieve Avon’s strategic goals, while delivering pooling’s benefits to its members, employers and taxpayers.”
The fund will now confirm this decision in principle with the government.
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