Planned maintenance: Please note EAPF Online will be unavailable between 09:00 on 30 October until 17:00 on 31 October 2019 for essential maintenance. We apologise for any inconvenience caused.

The Environment Agency Pension Fund (EAPF, part of the Local Government Pension Scheme (LGPS)) is the pension fund of one of the world’s leading environmental organisations.

We are responsible for administering the current and future pension benefits of just under 39,500 members, of which 11,300 are contributing to the Scheme. This is a 95% participation rate of our employees in the Scheme. The most recent actuarial valuation of the Active Fund on 31 March 2019 shows £3.6 billion assets under management and an overall funding level of 106%. The EAPF remains one of the best funded in the LGPS.

There are currently three employers participating in the Fund:

  • Environment Agency
  • Natural Resources Wales
  • Shared Services Connected Limited

A Pension Committee provides strategic direction and regular oversight, with the day to day administration being delivered through our third party administrator, Capita. The administrators provide specialist knowledge and technical advice, in addition to data gathering and complex calculations on member records. Capita also issue benefit statements to members on an annual basis.

All LGPS Funds are required to publish a Funding Strategy Statement and a Statement of Investment Principles. The EAPF has two Funding Strategy Statements, one for the active fund and one for the closed fund.  These documents are used by the Actuary to inform the Fund valuations and provides the context for the development of our investment strategy. 

You can download our active and closed Funding Strategy Statements from our Policies page.

For details on Fund valuations, see our Annual reports and accounts page.

As responsible investors we fully embrace the need to deliver a truly sustainable pension fund that delivers financially to meet the objectives of our Fund employers and members. The portfolio is managed by our in-house Investment Team with the support of external fund managers, and any change to investment policy is the responsibility of the Pension Committee. 

For more details about our Pension Committee, see our Trustees section.

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