Details of the administration costs of each of the 89 individual pension funds within the Local Government Pension Scheme in 2007-08, the latest year for which figures are available, are shown in the following table. The information is taken from annual returns submitted to the Department by scheme administering authorities in England and Wales.
Administration costs charged to the fund Barking and Dagenham 617 Barnet 832 Bath and North East Somerset 1,985 Bedfordshire 1,212 Bexley 660 Brent 1,047 Bromley 454 Buckinghamshire 1,315 Cambridgeshire 1,873 Camden 555 Cheshire 1,743 City of London 708 Cornwall 629 Croydon 1,004 Cumbria 1,035 Derbyshire 1,067 Devon 1,346 Dorset 1,184 Durham 1,276 Ealing 640 East Riding of Yorkshire UA 1,748 East Sussex 1,347 Enfield 538 Essex 2,267 Gloucestershire 1,238 Greenwich 905 Hackney 936 Hammersmith and Fulham 995 Hampshire 2,547 Haringey 595 Harrow 1,060 Havering 571 Hertfordshire 1,854 Hillingdon 648 Hounslow 862 Isle of Wight UA 443 Islington 1,323 Kensington and Chelsea 494 Kent 2,768 Kingston upon Thames 521 Lambeth 942 Lancashire 2,590 Leicestershire 1,356 Lewisham 439 Lincolnshire 1,044 London Pensions Fund Authority 5,370 Merseyside Pension Fund 2,490 Merton 214 Middlesbrough UA 1,357 Newham 663 Norfolk 1,494 North Yorkshire 1,189 Northamptonshire 1,717 Northumberland 825 Nottinghamshire 1,164 Oxfordshire 958 Redbridge 492 Richmond upon Thames 830 Shropshire 985 Somerset 698 South Yorkshire Pensions Fund Authority 3,154 South Yorkshire PTA 152 Southwark 1,098 Staffordshire 1,919 Suffolk 1,147 Surrey 1,404 Sutton 493 Tameside 3,588 Tower Hamlets 946 Tyne and Wear Superannuation Fund 3,545 Waltham Forest 633 Wandsworth 372 Warwickshire 1,141 West Midlands Pension Fund 3,760 West Midlands PTA 283 West Sussex 926 West Yorkshire Superannuation Fund 5,212 Westminster 896 Wiltshire 991 Windsor and Maidenhead UA 673 Worcestershire 881 Cardiff UA 1,202 Carmarthenshire UA 765 Flintshire UA 1,079 Gwynedd UA 884 Powys UA 548 Rhondda Cynon Taff UA 1,685 Swansea UA 547 Torfaen UA 1,308 Total 112,891
I refer the hon. Member to the answer I gave him on 25 July 2008, Official Report, column 349W.
The funding position of the 89 pension fund authorities in England and Wales is determined by actuaries appointed to carry out each authority’s triennial valuation. There have been three valuations since 1997 in 2001, 2004 and 2007.
Details of funding levels at each valuation are not held centrally but a summary of the 2004 and 2007 exercises undertaken by the Society of County Treasurers can be found at:
http://www.cipfa.org.uk/panels/pensions/download/2007_LGPS_Valuation_Survey_Results.pdf.
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