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Valuation Reports

In accordance with the pension regulations, the Fund Actuary must conduct a triennial valuation of the Cornwall Pension Fund.

Cornwall Pension Fund's actuaries are Hymans Robertson.

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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 (known as the "liabilities") and compare this against the funds held by the Fund (known as the "assets")
  • an appropriate plan for making up any shortfall where there are less assets than liabilities
  • the contributions needed to cover the cost of benefits that active members will build up in the future and other costs incurred in running the Fund

Please find below the valuation reports from our actuaries, following the triennial valuations: