Trustee’s Annual Report & Financial Statements 2009

On 31 March 2009, the value of the Fund was £3,567m (2008: £3,895m). The investment return on the assets was (3.9%) compared to a Scheme specific performance benchmark that measured 4.9%. This compares to a return in 2008 of 4.7% against the Scheme specific benchmark of 10.3%. Investment managers are set a target return which is above the Scheme specific benchmark. Further details are provided in the Investment Report on pages 17 to 19.

Read more here