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Extraordinary, Pensions Committee - Thursday, 10th April, 2025 11.00 am

April 10, 2025 View on council website

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Summary

The Pensions Committee of Cornwall Council met to discuss the Cornwall Pension Fund's valuation assumptions and investment strategy. The meeting was scheduled to include a review of the minutes from the previous meeting, and consideration of any urgent business. The committee was expected to exclude the press and public from part of the meeting to discuss information relating to financial or business affairs.

Cornwall Pension Fund Valuation Assumptions

The committee was scheduled to discuss the Cornwall Pension Fund's valuation assumptions. Pension funds are valued to assess their financial health and ability to meet future obligations to their members1. These valuations rely on assumptions about factors such as investment returns, inflation, and life expectancy.

Investment Strategy Review

The committee was scheduled to discuss the investment strategy for the Cornwall Pension Fund. This would have included a review of the fund's current investment portfolio, and consideration of any changes that may be needed to ensure that the fund is on track to meet its long-term objectives.

Minutes from Previous Meeting

The committee was scheduled to review the minutes from the previous meeting held on 13 March 20252.


  1. A pension fund is a pot of money set aside to pay pensions to people when they retire. The money is invested to generate returns that will help to pay the pensions. 

  2. The minutes of the previous meeting are available online. The meeting included discussion of the Cornwall Pension Fund Business Plan, updates on investments, benefits and governance, and an update from the Brunel Pension Partnership. 

Attendees

Profile image for Mike Thomas
Mike Thomas  Independent
Profile image for Colin Martin
Colin Martin  Liberal Democrat
Profile image for Stephen Barnes
Stephen Barnes  Deputy Group Leader - Labour Party •  Labour
Profile image for John Conway
John Conway  Group Leader - Non Aligned •  Non-aligned
Profile image for Dave Crabtree
Dave Crabtree  Conservative & Independent Conservative Aligned
Profile image for Peter Perry
Peter Perry  Conservative & Independent Conservative Aligned
Profile image for Anthony Soady
Anthony Soady  Conservative & Independent Conservative Aligned
Profile image for Christopher Wells
Christopher Wells  Conservative & Independent Conservative Aligned

Topics

No topics have been identified for this meeting yet.

Meeting Documents

Agenda

Agenda frontsheet 10th-Apr-2025 11.00 Pensions Committee
Agenda frontsheet 10th-Apr-2025 11.00 Pensions Committee

Reports Pack

Public reports pack 10th-Apr-2025 11.00 Pensions Committee
Public reports pack 10th-Apr-2025 11.00 Pensions Committee

Additional Documents

Minutes of Previous Meeting
Minutes of Previous Meeting