The Trustees met for the final time in 2023 to firstly finalise the results of the triennial valuation now an agreement had been reached between both the Trustees and the Union on the future contributions to made to the Scheme. Further information on the outcome of the valuation and a more recent update on the Scheme is expected to be provided to members during quarter one of 2024. The Trustees also discussed hosting a webinar to help members get a better grasp of how the scheme operates.

 

The Scheme’s consolidated set of rules have now been drafted and are currently with the Scheme’s advisors for their review with the Trustees to add their input in 2024. Once finalised, the rules will assist in creating a new member booklet for the merged Scheme.

 

The Trustees also began to look to future in terms of succession planning of the Trustee Board as the first term of some Member-Nominated Trustees approach over the next couple of years, with the current Trustees keen to engage more active members of the Scheme onto the Trustee Board in future.