Report and accounts 2024
We published the final report and accounts 2023-24 in March 2025. Read the Kent Pension Fund report and accounts ending 31 March 2024 (PDF, 1.8 MB)
Report and accounts 2024
We published the draft report and accounts 2023-24 in December 2024.
Open Lines Autumn 2024 - newsletter for members in receipt of a pension
We published the Open Lines newsletter on 16 October 2024. It is online only. Read the Open Lines newsletter Autumn 2024
LGPS statistical release
In October each year the government provide a statistical release detailing the performance of the LGPS at a national level. Read the Local Government Pension Scheme Funds England and Wales: 2023 to 2024 statistical release
Annual Benefit Statements 2024 - for current members paying in
Statements are available on MyPension Online from 30 August 2024. Create an account or log in to MyPension Online
Find out about annual benefit statements
Pensions increase 2025
Current, deferred, and pension in payment accounts are adjusted each April in line with the cost of living. The increase is based on the September to September change in the Consumer Prices Index (CPI). The CPI increase for the year up to September 2024 was 1.7%. This means that we expect LGPS pension accounts to increase by 1.7% in April 2025. This is not confirmed by law until March 2025.
Pension awareness week
It’s national pension awareness week from 9 to 13 September 2024. It’s time for a reminder to pay your pension(s) some attention. We have organised various events to join in the campaign. This includes webinars for members throughout the year. Find out about our webinars for members
Pension Pulse - newsletter for current members
We published a newsletter for current members in Summer 2024. These are members who are currently paying into the Kent Pension Fund. Read the Summer 2024 issue of Pension Pulse (PDF, 393.4 KB)
Pension Connection - newsletter for deferred members
We published a newsletter for deferred members in Summer 2024. They are members who have stopped paying in and their pension is held in the Fund until it is payable. Read the Pension Connection newsletter Summer 2024 (PDF, 544.8 KB)
Contribution pay bands 2024/25
The contribution pay bands change from 1 April 2024. Find out the contribution pay bands
Pension Pulse - newsletter for current members
We published a newsletter for current members in Spring 2024. These are members who are currently paying into the Kent Pension Fund. Read the Spring 2024 issue of Pension Pulse. (PDF, 838.0 KB)
Pension increase
In January 2024, a HMT written ministerial statement was released. It confirms that current member pension accounts will be revalued by 6.7% in April 2024. An increase of 6.7% applies from 8 April 2024 to deferred pensions and pensions in payment.
Government’s Pensions Review – Mansion House speech
The Chancellor of the Exchequer, Rachel Reeves MP, announced the interim findings of the Governments Pensions review in her speech at the Mansion House in the City of London on Thursday evening (14th November). The speech included reference to reform of the LGPS.
The Government has subsequently launched a consultation on a number of areas of the LGPS; Investment pooling, Local investment and Governance.
Whilst all of this is significant to those involved in running LGPS funds, there will be no impact on Scheme members benefits (active, pensioners and deferred members). The proposed reforms will also have no impact on the Fund’s employers. This assumes the reform is implemented as proposed.
Read the full consultation on GOV.UK
Investment Strategy Statement
We have updated the Kent Pension Fund's statement. It sets out the Fund's investment strategy. Read the investment strategy statement (PDF, 466.2 KB)
Investment Award
We are delighted to announce that the Kent Pension Fund has received 2 awards for the long-term performance of our Property portfolio. The awards were the Morgan Stanley Capital International (MSCI) performance award for the:
- Highest 10-year risk adjusted relative return for the UK, and
- European long-term risk-adjusted relative return award.
The awards acknowledge Kent Pension Fund for achieving the highest total return relative to the MSCI benchmark annualised over 10 years. The fund had an annualised 10-year risk adjusted relative return of 9.33%. This award is recognition of the Fund’s long-term strategy for its property investment portfolio and reflects on the relationship with the Fund’s Investment Manager DTZ Investors.
Communication policy
We have updated the Kent Pension Fund communication policy. It details how we communicate to scheme members and employing authorities. Read the communication policy (PDF, 516.3 KB)
Data quality policy
We have published a data quality policy. It details the plan to ensure records are maintained correctly, accurate data is supplied, and the Fund complies with The Pension Regulator's code of practice. Read the data quality policy (PDF, 407.5 KB)
Administration strategy
We have published the Kent Pension Fund administration strategy. It details the employer and Fund responsibilities to administer the scheme. It includes the Fund’s commitments to new, existing, deferred and pensioner members. Read the administration strategy (PDF, 376.2 KB)
Funding strategy statement
We have updated the Kent Pension Fund funding strategy statement. It details how we manage the Fund to ensure that there will be enough assets to meet pension liabilities and maintain stable employer rates. The contribution review policy and deferred debt and debt spreading agreement policies for employers are also published. Read the Kent Pension Fund policies
Report and accounts 2023
In October 2023, we published the draft report and accounts 2022-23. In March 2024, the audit certificate was issued. We published the final report and accounts 2022-23. Read the final Kent Pension Fund report and accounts 2022-23 (PDF, 3.7 MB)
Report and accounts 2022-23
We published the draft report and accounts in October 2023.
The audit of the annual report and accounts for 2022-23 has been completed. However, the audit certificate will only be issued following completion of the Kent County Council audit.
LGPS statistical release
The government provide a statistical release each year detailing the performance of the LGPS at a national level. Read the Local Government Pension Scheme Funds England and Wales: 2022 to 2023 statistical release
Open Lines newsletter
We published the Autumn issue of the Open Lines newsletter for members in receipt of a pension. Read the Autumn 2023 issue of Open Lines
Newsletter for current members
We published a newsletter for current members in July 2023. They are members who are currently paying into the Kent Pension Fund. Read the current member newsletter Summer 2023 (PDF, 455.6 KB)
Newsletter for deferred members
We published a newsletter for deferred members in July 2023. They are members who have stopped paying in and their pension is held in the Fund until it is payable. Read the deferred member newsletter Summer 2023 (PDF, 504.0 KB)
Change to the annual revaluation date
The LGPS (Amendment) Regulations 2023 move the annual revaluation date from 1 to 6 April 2023, and thereafter on each 6 April, for all members. Read further details in the Local Government Association (LGA) bulletin 234A
Lifetime Allowance (LTA) and Annual Allowance (AA)
In the budget on 15 March 2023 the Chancellor, Jeremy Hunt, confirmed plans to abolish the LTA and increase the AA from £40,000 to £60,000. Further details will be on our website in due course.
Contribution pay bands 2023/24
The contribution pay bands change from 1 April 2023. Find out the contribution pay bands
McCloud judgement and the LGPS
The Department for Levelling Up, Housing and Communities (DLUHC) has produced a factsheet summarising the McCloud judgement and the changes the government are making to the LGPS. Read the factsheet about the McCloud judgement and your LGPS pension
Pension increase
The pension increase on pensions in payment and deferred pensions is 10.1% from 10 April 2023.
Reports and accounts
The final report and accounts for 2021-22 is published. Read the report and accounts 2022 (PDF, 3.0 MB)
Reports and accounts
The draft report and accounts for 2021-22 is published in December 2022.
Valuation of the Fund
The valuation is published. A valuation of the Fund is undertaken every 3 years. The latest valuation was at 31 March 2022. Read the valuation report at 31 March 2022 (PDF, 2.3 MB)
Contribution pay bands 2022/23
The contribution pay bands change from 1 April 2022. Find out the contribution pay bands
New national LGPS members website
In March 2022 the Local Government Association (LGA) launched a new look national LGPS members website. Visit the national LGPS members website
Funding Strategy Statement (FSS) consultation
September 2021
The consultation has ended and the statement finalised.
July 2021
The Pension Fund Committee has endorsed a revised Funding Strategy Statement for consultation and responses should be submitted by 13 August 2021. Find out about the Funding Strategy Statement Consultation 2021 (PDF, 163.9 KB)
Guaranteed Minimum Pension (GMP) consultation
Members of the public and interested bodies are invited to respond to the government consultation about GMPs by 30 December 2020.
Read the written ministerial statement about GMP indexation
If you wish to respond to the consultation, please read the Public Service Pensions: Guaranteed Minimum Pension Indexation consultation
Stock markets 2020
There have been articles in the news about the fall in stock markets and the impact on pension schemes. There may be an impact on defined contribution pension schemes, but the LGPS is a defined benefit pension scheme. It is not linked to stock market performance.
Short term investment values of the LGPS fund may vary. However, LGPS long-term investments are securely managed to address any longer term impacts.
LGPS members can be assured that their pension, whether in payment or built up to date, will be unaffected.
Woodford investment 2020
The Kent Pension Fund has investments with the Woodford Equity Income Fund. You may have seen articles about this in the press. Current, deferred, pensioner and dependent pensioner members of the Kent Pension Fund should be reassured this will not affect their pension entitlement.