At the AGM we looked back on one of the most successful years in our history:

  • Gains of £3.7 billion took the Fund to a new high of £19.7 billion
  • Our investments grew by over 20%
  • We achieved an 8th consecutive year of Fund growth
  • Our membership reached an all-time high of 222,000 with 52,000 registered for SPFOnline
  • Reaching 94,000 employee members was a new record that we expect to smash when the transitional period for automatic enrolment ends in September 2017

The agenda also looked forward with keynote sessions from our actuaries and investment advisers:

  • In their Actuarial Look Ahead, Hymans Robertson suggested that the 2017 actuarial valuation should confirm reduced deficits and a healthy funding position given the strong investment returns. But the "lower for longer" growth outlook could put upward pressure on the future cost of scheme benefits
  • In his Economic Perspective, Professor Geoffrey Wood concluded that the outlook was not bad overall in the long term, but could be bumpy short-term

There were 112 attendees and the slides are available to download