Your pension is one of the biggest investments you'll make, so we keep you informed about the financial health of our Scheme with Summary Funding Statements. You can view or download our latest Statement from the Documents Section.
We know that the language in these Statements can be tricky since it's prescribed by law. Our goal is to make things clearer, so here’s a quick summary of what’s in this year’s Statement.
Currently our Scheme is in surplus. This means that we have sufficient money to cover the estimated cost to pay all the benefits members have built up.
We’ve agreed with the Company an approach to investing our Scheme’s assets to maintain this surplus. If in future, this is not the case, we can still rely on the Company to provide financial support.
We’ll continue to keep a close eye on our Scheme’s financial health and provide you with further updates each year.
