Your pension savings in the Scheme are held and invested in investment funds. The Trustee(s) monitor these funds, but you are responsible for your own selection from the range available.
This value can come in many different forms depending on the fund you choose, for example:
This value can also come from;
The Trustee(s) who look after the scheme assess the scheme to make sure it delivers value for its members, looking at all the benefits members receive against the costs that they pay.
Members only pay costs in relation to the scheme’s investments.
Barnett Waddingham, the scheme’s independent advisors, carried out the assessment of value and concluded that members have access to a well-governed arrangement at an appropriate and competitive cost and that the scheme provides excellent value to members.
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