Defined Benefit Sections

The Trustee's primary objectives are:

(i) To ensure that sufficient assets are available to pay out members' benefits as and when they arise.

(ii) To ensure that should a Section of the Scheme be discontinued at any point in time, benefits for members should be maximised. For this purpose the Trustee considers the various options available for providing benefits and the cost of securing the benefits.

The Trustee's investment objective is to maximise the return on the Scheme's assets within the constraints of meeting these primary objectives whilst controlling the level of risk.