The Trustees met to discuss a wide range of topics including hearing for the Scheme’s investment advisors, who provided an update on the Scheme’s recent performance and the progress of ongoing asset transitions which are entering their final stages whilst reminding that the Scheme continues to look to invest in funds with strong Environmental, Social and Governance principles.

An update on the progress of the ongoing Actuarial valuation was provided which is still on track to be completed in good time but is currently still in its initial stages with a final outcome not expected until towards the end of the year.

Finally, the Trustees also commissioned it’s legal advisor to draft a new consolidated set of the rules for the merged Scheme, this will not mean a change to any current or legacy Scheme benefits, but the new rules should be easier to understand and interpret for the Scheme administrators and members alike.