I can summarize the latest publicly available information on the North East Scotland Pension Fund (NESPF) from recent reports and official releases.
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Recent annual reporting shows NESPF’s assets around £6.3–£6.5 billion, with membership in the high tens of thousands (roughly 78,000–79,000 active plus deferments and pensioners) across the administering authorities in Aberdeen City, Aberdeenshire, and Moray. This places NESPF among the larger Local Government Pension Scheme funds in Scotland. [Source: NESPF annual reports and committee papers, including 2024–25 materials and related summaries.]
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The 2023/24 and 2024/25 valuation cycles indicated a generally favorable funding position compared with earlier years, with funding gratitude improvements noted in the 2023 triennial valuation discussions (e.g., funding levels around or above the 100% target). These valuations drive employer contribution rates and potential strategy reviews to ensure liabilities are covered over the medium term. [Source: NESPF/Aberdeen City Council annual reports and valuation discussions.]
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Governance and administration have continued to adapt to regulatory changes, with emphasis on compliance under updated Pensions Regulator codes and enhanced member communications (e.g., expanded benefit statements and personalized communications). The Fund has also pursued service improvements via digital channels (e.g., My Pension+ platform) to support member engagement. [Source: NESPF committee documents and public communications.]
If you’d like, I can pull the specific figures from the most recent NESPF annual report or the latest committee papers and present them in a concise data sheet with asset value, funding level, membership totals, and notable governance notes. I can also provide a short timeline of key events for NESPF in 2024–2025. Would you like me to do that?
Citations: NESPF annual reports and Aberdeen City Council committee papers (funding levels, asset values, membership counts, and governance notes) provide the latest publicly released details.[3][4][9]
Sources
6 Effective medium term financial planning arrangements are in place. 7 Fund membership levels continue to increase but the ratio of active members to pensioners is reducing resulting in changes in investment strategy. Governance and resources 8 Instability and vacancies in membership threaten the effective operation of the pensions committee. … The fund’s performance in 2023/24 is summarised in Exhibit 4. Exhibit 4 Assets, funding level and investment performance Increase in net assets...
audit.scotNorth East Scotland Pension Fund (NESPF) is a Public Pension located in Aberdeen, Scotland United Kingdom, Europe, and was founded in 2023. Current Assets for NESPF is $7,405,903,472 and SWFI has 11 periods of historical assets, , 6 transactions, 9 personal contacts available for CSV Export.
dev.swfinstitute.orgundertaking its key function of administering pensions to its 78,991 members, the Fund has achieved several notable milestones during this year. Despite high inflation and interest rate hikes prompting an unsettled global marketplace during much of 2024/25, the Fund’s Net Asset Value increased to £6.345bn with … authorities, with Aberdeen City Council acting as the Administering Authority for the North East. NESPF has an asset value of £6.3 billion and 78,991 members. It is the third largest...
www.nespf.org.ukNorth East Scotland Pension Fund wants to hear from you
interchange.moray.gov.ukAll North East Scotland Pension Fund articles in IPE
www.ipe.cominclude the Annual Benefit Statement area being expanded to show personalised videos and statements for more of the member cohort. The Fund will continue to utilise the technology available through My Pension+ to improve its service delivery to members. In terms of meeting regulatory requirements, the Pensions Regulator’s General Code came into force in March 2024. This resulted in a huge administrative undertaking to review the Fund’s operations to ensure compliance with the revised code. In...
committees.aberdeencity.gov.uk