Chair's Statement

Each year the Trustees prepare a statement, setting out how they have met minimum standards of governance. This statement covers the following key areas:

  • The investment strategy, which applies when members don’t make a choice;
  • Processing of core financial transactions;
  • Calculating member borne charges and transaction costs in respect of all funds within the Scheme and how they represent value for members;
  • The Trustees’ compliance with the statutory knowledge and understanding requirements

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