As of today, Strathclyde Pension Fund Office (SPFO) is closed until further notice.
Staff are working from home to maintain our service, but our ability to respond to individual enquiries and to process new transactions is currently greatly reduced.
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.
As stock markets have fallen sharply in recent days, the current 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.