The Company’s role is summarised below:

  • Designs the benefits to be paid to members – i.e. decides the range of benefits for SOCPF members, taking into account the benefits offered by other pension schemes in the UK.
  • Agrees with the Trustee the valuation assumptions, such as life expectancy and when members are expected to retire.
  • The Actuary sets the level of contributions to be made to the SOCPF after discussing with the Trustee and the Company.
  • Is consulted by the Trustee when reviewing the SOCPF investment strategy.

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