Valuation Reports

Under pension regulations, the Fund Actuary must conduct a valuation of the Cornwall Pension Fund every three years.

This is known as a triennial valuation.

Cornwall Pension Fund's actuary is Hymans Robertson.

The purpose of the actuarial valuation is for the Fund to determine:

• the expected cost of providing the benefits built up by members at the valuation date. This is known as the “liabilities”;
• compare this against the funds held by the Fund (known as the "assets");
• an appropriate plan for making up any shortfall (if assets are less than liabilities);
• the contributions needed to cover the cost of benefits that active members will build up in the future; and
• the contributions needed to cover other costs incurred in running the Fund.

Please find below the valuation reports:

• 2022 Cornwall Pension Fund Actuarial Valuation Report
• 2019 Cornwall Pension Fund Actuarial Valuation Report
• 2016 Cornwall Pension Fund Actuarial Valuation Report
• 2013 Cornwall Pension Fund Actuarial Valuation Report
• 2010 Cornwall Pension Fund Actuarial Valuation Report