Every three years, the Actuary carries out a formal financial health check for the Scheme called an actuarial valuation.
The Trustee appreciates that covid-19 has put significant financial pressure on many businesses and employers are anxious to know the results of the 2020 valuation. We are doing our best to progress the valuation as quickly as we can.
At their recent meeting, the Trustee considered the preliminary results of the 2020 actuarial valuation. The Trustee plans to discuss the valuation results with the Constituent Organisations in October and then consult employers on the proposed way forward.
