Investment and funding

The Trustee’s objective with the Scheme investments is to make sure that there is enough money in the Scheme (assets) to cover the expected cost of providing all future benefits to members (liabilities).

The Trustee implemented a new investment strategy on 1 December 2015. This strategy has worked well and on 1 August 2017 the Trustee de-risked the investments by moving money out of the Diversified Fund into the Liability-driven investment fund (LDI), which now holds around 60% of the Scheme’s investments.

The Diversified Fund invests in a range of assets to achieve growth with lower risk than an equity fund. The LDI fund helps to remove interest rate and inflation risk.

You can read more about investments in Outlook.

You can also read the Statement of Investment Principles [PDF] and Implementation Statement [PDF].