The Fund’s investments are divided between four separate portfolios, these being the;
- Active Member and Deferred Pensioner Portfolio
- the Pre-Retirement Switch Portfolio – designed to preserve members capital as they approach retirement. The portfolio is therefore conservative by nature, focusing on providing steady growth with minimal risk.
- the With-Profit Pensioner Portfolio - a fairly conservative portfolio that preserves pensioners’ capital while generating steady return.
- the Without-Profit (Non-Profit) Pensioner Portfolio – incorporates an annual growth figure as agreed with the member and risk does not lie with the member.
Each portfolio has distinct characteristics, a specific purpose, and performs differently from the others. It is important to consider this when comparing the different portfolios’ performance, as these would not be like-for-like comparisons.
