Authority Actuary Valuation Report 2022 Assets (£m) Liabilities (£m) Funding level
Avon Mercer Avon — 2022 Fund Valuation 5822 6060 96%
Barking and Dagenham Barnett Waddingham Barking and Dagenham — 2022 Fund Valuation 1317 1306 101%
Barnet Hymans Barnet — 2022 Fund Valuation 1502 1573 95%
Bedfordshire Barnett Waddingham Bedfordshire — 2022 Fund Valuation 2950 3220 92%
Berkshire Barnett Waddingham Berkshire — 2022 Fund Valuation 2650 3100 86%
Bexley Mercer Bexley — 2022 Fund Valuation 1053 927 114%
Brent Hymans Brent — 2022 Fund Valuation 1134 1296 87%
Bromley Mercer Bromley — 2022 Fund Valuation 1339 1163 115%
Buckinghamshire Barnett Waddingham Buckinghamshire — 2022 Fund Valuation 3850 3720 104%
Cambridgeshire Hymans Cambridgeshire — 2022 Fund Valuation 4305 3446 125%
Camden Hymans Camden — 2022 Fund Valuation 1973 1741 113%
Cardiff Aon Cardiff — 2022 Fund Valuation 2698 2750 98%
Cheshire Hymans Cheshire — 2022 Fund Valuation 6968 6146 113%
City of London Corporation Barnett Waddingham City of London Corporation — 2022 Fund Valuation 1370 1404 98%
City of Westminster Hymans City of Westminster — 2022 Fund Valuation 1876 1466 128%
Clwyd Mercer Clwyd — 2022 Fund Valuation 2491 2366 105%
Cornwall Hymans Cornwall — 2022 Fund Valuation 2363 2463 96%
Croydon Hymans Croydon — 2022 Fund Valuation 1731 1790 97%
Cumbria Mercer Cumbria — 2022 Fund Valuation 3318 3009 110%
Derbyshire Hymans Derbyshire — 2022 Fund Valuation 6131 6132 100%
Devon Barnett Waddingham Devon — 2022 Fund Valuation 5320 5400 98%
Dorset Barnett Waddingham Dorset — 2022 Fund Valuation 3640 3780 96%
Durham Aon Durham — 2022 Fund Valuation 3606 3699 98%
Dyfed Mercer Dyfed — 2022 Fund Valuation 3243 2871 113%
Ealing Mercer Ealing — 2022 Fund Valuation 1546 1617 96%
East Riding Hymans East Riding — 2022 Fund Valuation 6263 5220 120%
East Sussex Hymans East Sussex — 2022 Fund Valuation 4618 3760 123%
Enfield Aon Enfield — 2022 Fund Valuation 1523 1470 104%
Environment Agency - active Hymans Environment Agency - active — 2022 Fund Valuation 4548 4394 103%
Environment Agency - closed* Hymans Environment Agency - closed* — 2022 Fund Valuation 329 491 67%
Essex Barnett Waddingham Essex — 2022 Fund Valuation 8100 7920 102%
Gloucestershire Hymans Gloucestershire — 2022 Fund Valuation 3111 2826 110%
Greater Gwent (Torfaen) Hymans Greater Gwent (Torfaen) — 2022 Fund Valuation 3768 3886 97%
Greater Manchester Hymans Greater Manchester — 2022 Fund Valuation 29324 28304 104%
Greenwich Barnett Waddingham Greenwich — 2022 Fund Valuation 1610 1570 103%
Gwynedd Hymans Gwynedd — 2022 Fund Valuation 2776 2308 120%
Hackney Hymans Hackney — 2022 Fund Valuation 1965 1861 106%
Hammersmith and Fulham Barnett Waddingham Hammersmith and Fulham — 2022 Fund Valuation 1325 1267 105%
Hampshire Aon Hampshire — 2022 Fund Valuation 9628 8991 107%
Haringey Hymans Haringey — 2022 Fund Valuation 1803 1596 113%
Harrow Hymans Harrow — 2022 Fund Valuation 1018 1057 96%
Havering Hymans Havering — 2022 Fund Valuation 920 1149 80%
Hertfordshire Hymans Hertfordshire — 2022 Fund Valuation 6162 5793 106%
Hillingdon Hymans Hillingdon — 2022 Fund Valuation 1263 1430 88%
Hounslow Barnett Waddingham Hounslow — 2022 Fund Valuation 1230 1170 104%
Isle of Wight Hymans Isle of Wight — 2022 Fund Valuation 728 714 102%
Islington Mercer Islington — 2022 Fund Valuation 1787 1866 96%
Kensington and Chelsea Hymans Kensington and Chelsea — 2022 Fund Valuation 1631 1060 154%
Kent Barnett Waddingham Kent — 2022 Fund Valuation 7555 7374 102%
Kingston upon Thames Hymans Kingston upon Thames — 2022 Fund Valuation 1126 1014 111%
Lambeth Hymans Lambeth — 2022 Fund Valuation 1842 1920 96%
Lancashire Mercer Lancashire — 2022 Fund Valuation 10712 9317 115%
Leicestershire Hymans Leicestershire — 2022 Fund Valuation 5790 5507 105%
Lewisham Hymans Lewisham — 2022 Fund Valuation 1748 1804 97%
Lincolnshire Barnett Waddingham Lincolnshire — 2022 Fund Valuation 3010 2990 101%
London Pensions Fund Authority Barnett Waddingham London Pensions Fund Authority — 2022 Fund Valuation 7530 5900 128%
Merseyside Mercer Merseyside — 2022 Fund Valuation 11001 10370 106%
Merton Barnett Waddingham Merton — 2022 Fund Valuation 941 840 109%
Newham Barnett Waddingham Newham — 2022 Fund Valuation 1675 1671 100%
Norfolk Hymans Norfolk — 2022 Fund Valuation 4901 4613 106%
North Yorkshire Aon North Yorkshire — 2022 Fund Valuation 4635 3995 116%
Northamptonshire Hymans Northamptonshire — 2022 Fund Valuation 3364 2984 113%
Nottinghamshire Barnett Waddingham Nottinghamshire — 2022 Fund Valuation 6498 6489 100%
Oxfordshire Hymans Oxfordshire — 2022 Fund Valuation 3280 2951 111%
Powys Aon Powys — 2022 Fund Valuation 823 818 99%
Redbridge Hymans Redbridge — 2022 Fund Valuation 1010 1021 99%
Rhondda Cynon Taf Aon Rhondda Cynon Taf — 2022 Fund Valuation 4512 4291 105%
Shropshire Mercer Shropshire — 2022 Fund Valuation 1915 2047 94%
Somerset Barnett Waddingham Somerset — 2022 Fund Valuation 2780 2910 95%
South Yorkshire Hymans South Yorkshire — 2022 Fund Valuation 10674 8988 119%
Southwark Aon Southwark — 2022 Fund Valuation 2125 1948 109%
Staffordshire Hymans Staffordshire — 2022 Fund Valuation 6833 5696 120%
Suffolk Hymans Suffolk — 2022 Fund Valuation 3756 3522 107%
Surrey Hymans Surrey — 2022 Fund Valuation 5358 5257 102%
Sutton Hymans Sutton — 2022 Fund Valuation 854 848 101%
Swansea Aon Swansea — 2022 Fund Valuation 2921 2924 100%
Teesside Hymans Teesside — 2022 Fund Valuation 5036 4351 116%
Tower Hamlets Hymans Tower Hamlets — 2022 Fund Valuation 2023 1651 123%
Tyne and Wear Aon Tyne and Wear — 2022 Fund Valuation 12747 11551 110%
Waltham Forest Mercer Waltham Forest — 2022 Fund Valuation 1048 1293 81%
Wandsworth Barnett Waddingham Wandsworth — 2022 Fund Valuation 2540 2190 116%
Warwickshire Hymans Warwickshire — 2022 Fund Valuation 2782 2683 104%
West Midlands Hymans West Midlands — 2022 Fund Valuation 20334 19655 103%
West Sussex Hymans West Sussex — 2022 Fund Valuation 5501 4402 125%
West Yorkshire Aon West Yorkshire — 2022 Fund Valuation 17980 16573 109%
Wiltshire Hymans Wiltshire — 2022 Fund Valuation 3230 3149 103%
Worcestershire Mercer Worcestershire — 2022 Fund Valuation 3585 3562 101%
  • Last edited: Oct 01, 2025
  • Published: Oct 01, 2025

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