Updated (17/03/2020)

Like everyone else, we are trying to balance the need to continue business as usual as far as possible with the need to ensure the safety of individuals and the community.

In doing so, we are following government and NHS guidelines and will continue to do so.

Our immediate business priority is to ensure that our current pensioners are paid on time each month as normal. We have robust business continuity and contingency arrangements to ensure that this will be the case.

We are currently still providing a full business service in terms of other enquiries and transactions. This may change as the situation develops over coming days. We will advise on changes via this website.

As stock markets have fallen sharply in recent days, the value of the Fund will also have dropped.

This is not an immediate concern. Our investment strategy is long-term and it anticipates some market shocks along the way. This has no impact on our ability to pay pensions right now.