Westminster Council Pension Fund
Westminster Council's Pension Fund funding level has dropped due to actuarial model revisions.
The Westminster Pension Fund, which manages pensions for council employees, saw its funding level drop to 126% as of March 2026, a decrease from 140% the previous year. This development, reported in July 2026, is attributed to a reduction in the funding discount rate, following revisions to the actuarial model used by Hymans Robertson.
The revisions to Hymans Robertson's actuarial model, which previously relied on the gilt yield curve, now derive expected asset returns from cash rates and asset-specific risk premia. No further discussions or decisions regarding the fund's funding level or actuarial model are currently scheduled.
Key facts
- The Westminster Pension Fund's funding level dropped to 126% as of March 31, 2026. Source
- The funding level was 140% the previous year. Source
- The decline is attributed to a reduction in the funding discount rate. Source
- Hymans Robertson revised its actuarial model. Source
- The revised model derives expected asset returns from cash rates and asset-specific risk premia. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.