I can share a concise update based on publicly available information up to now.
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Overview: The North East Scotland Pension Fund (NESPF) administers the Local Government Pension Scheme for councils in northeast Scotland and is one of the larger Scottish funds by asset value and membership. The fund has consistently reported strong funding levels in recent years, with ongoing efforts to monitor and adjust employer contributions as demographics and benefit payments evolve.
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Recent performance and governance: The NESPF’s latest audited accounts and annual reports show asset growth and a continued focus on governance, member communications (including enhanced benefit statements and My Pension+ tools), and compliance with evolving regulatory codes. The fund’s administration continues under Aberdeen City Council as administering authority.
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Membership and assets: The fund serves tens of thousands of members (including active, deferred, and pensioners) across multiple local employers, with assets measured in the billions of pounds. Reports indicate a trend of rising pensioner numbers alongside stable or growing assets, contributing to ongoing actuarial reviews and funding strategy updates.
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Where to read more:
- NESPF annual reports and audited accounts for 2024-25 and 2023-24 provide detailed funding levels, asset values, and membership statistics.
- Official NESPF site and Aberdeen City Council committee documents offer governance structure, service updates, and public communications.
If you’d like, I can pull the most recent specific figures (funding level, net assets, membership counts) from the latest published accounts and present them in a quick summary table.
Sources
North East Scotland Pension Fund wants to hear from you
interchange.moray.gov.ukinclude 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.uk6 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.ukAll North East Scotland Pension Fund articles in IPE
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