Cornwall Pension Fund has announced its intention to join the Local Pension Partnership Investments (LPPI) pool, becoming the fifth Brunel Pension Partnership fund to express this ambition.

The fund was previously part of the Brunel Pension Partnership but was one of 21 funds required to find a new pool after both Access and Brunel Pensions Partnership failed to receive the green light as part of the government's Local Government Pension Scheme (LGPS) policy.

Final decisions, required under the government’s mandate for all LGPS funds formerly in the disbanded Access and Brunel pools to reach a formal agreement with a new pooling partner, were due earlier this week (30 September 2025).

Cornwall joins a growing group of former Brunel funds that have also declared their intention to move to LPPI.

Somerset Pension Fund, Dorset County Pension Fund and Avon Pension Fund made their announcements earlier this week, while the Devon County Council Pension Fund did so last week.

In a statement, the Cornwall Pension Fund said: “Following a great deal of work over the past few months, we can confirm that the Cornwall Pension Fund Committee has approved entering into formal negotiations with our preferred LGPS Pool, Local Pension Partnership.

“We will be working closely with our Brunel Partner Funds to develop a plan to transition to the new pooling arrangements, ensuring that we secure the best possible outcome for our members.”

Commenting, LPPI chief executive, Chris Rule, said: “Cornwall Pension Fund marks the fifth fund to select LPPI as its preferred partner.

“We’re looking forward to embarking on this partnership – one that will be focused on delivering its strategy, while maximising the benefits of pooling to create an even more affordable, stable scheme for its members, employers and taxpayers.”

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