SOCPF Investments
Our main investment aim is to make sure there’s enough money to pay the benefits due to members. Because the Fund is currently in a strong funding position, we work to maintain this with a low-risk investment strategy.
Investment performance
The table shows the SOCPF’s performance over the year to 31 December 2025 and over the last three-year and five-year periods, compared with its investment benchmark:
| 1 yr | 3 yrs | 5 yrs | |
|---|---|---|---|
| Actual performance | 2.6% | (0.8)% | (3.3)% |
| Benchmark | 2.5% | (1.0)% | (3.4)% |
The Journey Plan - managing long-term security
The Journey Plan framework was established jointly by the Trustee and Company in 2024. The objectives of the plan can be summarised as reaching a position of self-sufficiency (i.e. no expected material reliance on sponsor covenant).
As at 30 June 2026, the Fund is progressing well against its Journey Plan.
To help explain some of the technical terms used in this section of the newsletter, we've included a jargon buster.
How the assets are invested
This chart shows how the Fund’s assets were invested at 31 December 2025.
| Liability matching assets | 59.7% |
|---|---|
| Return seeking assets | 40.3% |
