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 a summary of the key information about the Scheme’s finances for the year to 31 March 2021. This includes how the Scheme has used its money, the type of investments the Scheme holds and the number of members.
You can view the most recent full Scheme Report and Accounts here, under ‘Annual report and accounts’.
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 2021.
*The Trustee monitors the Scheme’s investments closely. Over the year, these reduced in value mostly due to rises in interest rates. It's normal for the Scheme's assets to go up and down in value from year to year. The Scheme's finances continue to be in a healthy position.
Investment of the Scheme’s assets
As at 31 March 2021 and 31 March 2020, the Scheme’s assets were split as follows:
Scheme membership
This chart shows a comparison of the Scheme membership at 31 March 2021 and 31 March 2020.
