Annual Report and Accounts 2019/20

03 November 2020

The Trustee has to provide members with a summary of the Scheme’s finances for the year to 31 March. This includes any changes in how much money the Scheme has set aside to pay benefits, the type of investments the Scheme holds and the number of members in each category.

We’ve provided below a summary for the year to 31 March 2020. For a more detailed breakdown click here

Value of the Scheme’s assets

This is a summary of how the value of the Scheme’s assets has been calculated as at 31 March 2020.

The Scheme’s accounts for the financial year ended 31 March 2020 have been audited by KPMG LLP.

Although the Scheme’s value has increased from last year, it’s important to note that the value of investments can go down as well as up.

Investment of the Scheme’s assets

As at 31 March 2020 and 31 March 2019, the Scheme’s assets were split as follows:

* This does not include the buy-in policies purchased in 2019 because they were completed after 31 March 2019.

Scheme membership

This chart shows a comparison of the Scheme membership at 31 March 2020 and 31 March 2019.