Funding Strategy Statement

The purpose of the Funding Strategy Statement (FSS) is to establish a clear and transparent fund specific strategy which will identify how employers' pension liabilities are best met in future years, to keep their contribution rates as nearly constant as possible and to take a prudent longer-term view of funding those liabilities.

 
This document details:
 
  • The Aims and purpose of the Pension Fund;    
  • Responsibilities of the key parties;
  • Solvency issues and target funding levels;
  • Link to investment policy set out in Statement of Investment Principles;
  • Identification of risks and counter-measures; and
  • Monitoring and Review.