SCPF Investment aim
Our main investment aim is to make sure there’s enough money to pay the benefits due to members. We work to achieve this with a low-risk investment strategy.
Investment performance
The table below shows the SOCPF’s performance over the year to 31 December 2024 and over the last three and five-year periods, compared with its investment benchmark:
| 1 yr | 3 yrs | 5 yrs | |
|---|---|---|---|
| Actual performance | -6.2% | -10.6% | -2.8% |
| Benchmark | -6.5% | -10.6% | -2.7% |
All percentages are adjusted to give an annual rate.
The funding Journey Plan
The investment performance in the table above is not a concern, as it reflects movements in liability values, which the strategy is designed to match. The stable funding level shows this approach is working.
Our plan is to reduce reliance on Company contributions by moving from higher-risk, return-seeking assets to lower-risk investments that align more closely with future pension payments.
How the assets are invested
This table shows how the Fund’s assets were invested at 31 December 2024.
| Liability matching assets | 55% |
|---|---|
| Return seeking assets | 45% |