Your Pension Plan – A mid-year update

We know you might be worried about how the political and economic changes in the United States could affect your Pension Plan. We want to assure you that your Pension Plan is still in good shape.  

Following a valuation by the Plan’s actuary, we are pleased to share that your Plan continues to be fully funded on both a solvency and going concern basis, with a comfortable surplus position. This means that the Fund has enough assets to meet all its current and future pension obligations.  

Since January, the financial markets have been affected by changes in the political and trade environment with the United States. Although your plan was impacted by the market downturn, it has bounced back. By mid-June, the fund has regained over 90% of the market value lost since last December. This is thanks to a well-diversified portfolio and long-term investment strategy. 

Rest assured, the Pension Board, along with the experienced members of the Pension Investment Committee and your Plan’s professional Outsourced Chief Investment Officer, are keeping an eye on the Fund to ensure its ongoing stability and growth. 

We are committed to protecting your Pension Plan. 

Julie Peckham 

Chair, Pension Board and Chief Operating Officer 

Ian Poulter 

Chief Executive Officer, SNPF, CF