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Funding strategy statement

The fund is required by the LGPS regulations to prepare and publish a funding strategy statement. The funding strategy statement is prepared in line with guidance issued by CIPFA’s Pensions Panel. A draft is shared with our employing bodies for comment before approval by the Pensions Investment Sub-Committee.

The significance of the funding strategy statement is that the fund actuary considers this as part of the valuation process. The funding strategy statement must be updated whenever there is a material change to our investment policy.

View our current statement