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This results from an overall investment strategy review, which led JLT to undertake a full open market procurement exercise with Cornwall Council.
A full investment strategy review has been completed, and initial conclusions implemented, in conjunction with the Trustee of the Scheme.
In order to get back on track, they will be reviewing all options, including extra contributions from sponsors, contingent funding arrangements, investment strategy reviews, hedging strategies and pension insurance buy-ins, not to mention changes to benefits structures including fund closures.