Summary Funding Statement now live

02 Jul 2024

The Scheme’s latest Summary Funding Statement (SFS) is now live online.

This document illustrates the funding position of the Scheme, showing the assets that have been built up over the years from the contributions received and investment returns. It also includes the liabilities — the estimated amount that is needed to pay all benefits earned by members, including those who have left the Scheme and the existing pensioner members. If the Fund has fewer assets than liabilities, it’s said to have a ‘shortfall’. If the assets are more than the liabilities, this means there’s a ‘surplus’.

Further information is available on this website or alternatively you can contact Aon, the Scheme Administrator if you have any specific requests.