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Cambridgeshire Pension Fund Investments Overview

Learn about how Cambridgeshire Pension Fund invests its £2,033 million fund following regulations, with detailed performance reviews, funding position, and investment strategies.

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Cambridgeshire Pension Fund Investments Overview

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  1. Cambridgeshire Pension Fund Investments Anthony Olaniyi

  2. How are the funds invested? • How has the fund performed? • What is the funding position?

  3. The fund invests in accordance with applicable regulations including The Local Government Pension Scheme Regulations. • The investment strategy of the funds are set and agreed by the Pension Fund Board and implemented by the Investment Sub Committee (ISC) . • The fund employs professional investment consultants to advise on investment decisions. • The investments are managed day to day by professional investment managers working to predefined objectives. • Performance of the fund and each investment manager is measured and reviewed on a regular basis.

  4. Investment Sub Committee Annual manager review Cost monitoring Performance reporting Custodian Fx execution Investment Managers

  5. Market value at 31 March 2014 £2,033m

  6. Market value at 31 March 2014 £2,033m Total investments at 31 March 2014 = £1,659 million

  7. % Return

  8. 2013 valuation Improving asset values The funding level for the whole fund not for individual employers.

  9. The formal actuarial valuation is performed by the scheme Actuary, Hymans Robertson, every 3 years. • The valuation is a snapshot at a point in time of the Fund’s liability for pension benefits promised to scheme members for service up to that date. • The results of the latest valuation as at 31 March 2013 were agreed in March 2014 and showed:- • Assets £1,905m • Liabilities for past service £2,633m • Deficit £728m • Funding level 72.4%

  10. Questions

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