Local Government Pension Scheme (LGPS) pension benefits are guaranteed in statute by the government. This means that the performance of the Fund's investments will not affect the pension benefits a member would receive.
The Investments Team are responsible for all the investment and financial aspects of the Cornwall Pension Fund. Their main role is to:
- implement the Fund’s Investment Strategy; and
- monitor compliance with the Fund's Investment Strategy
This is set by the:
- Cornwall Pension Fund; and
- Pension Committee
The Fund's assets are managed externally by investment managers.
Details can be found in the latest Cornwall Pension Fund Annual Report. The Fund has investments in different asset classes and global markets.
The Cornwall Pension Fund represents over 150 local employers. It also has over £1.9bn of assets in custody.