Statement of Investment Principles

Investment Objective

The Trustees aim to invest the assets of the Plan prudently to ensure that the benefits promised to members are provided. In setting the investment strategy, the trustees first considered the lowest risk asset allocation that they could adopt in relation to the Plan’s liabilities. The asset allocation strategy they have selected is designed to achieve a higher return than the lowest risk strategy wile maintaining a prudent approach to meeting the Plan’s liabilities.

The overall objective which has been agreed with the Employer is to set an investment strategy that targets a return over the Liability Benchmark of 1.6% p.a. net of fees.

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