We're monitoring very closely the Russian invasion of Ukraine to understand the implications for our Fund.
Our top priority is always our members. We want to reassure our members that there is no disruption to the payment of benefits or the provision of services.
We have very few investments in Russia. We estimate these to be less than 0.01% of our Fund (about £500k as at 4 March). Those investments that we do hold are being sold down as soon as practicable.
We're also making sure that those suppliers who act on our behalf are complying with the UK’s economic sanctions.
Finally, we'd like to remind all members again to be extra vigilant to the potential for scams.
See our advice here on how to spot a pension scam