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We're long-term investors who aim to deliver a truly sustainable Pension Fund ensuring that it's affordable, delivers financially to meet the objectives of our scheme employers and is invested responsibly.

We also think we should influence the behaviour of companies we invest in to make sure they consider environmental, social and governance issues.

In November 2025, we submitted our annual Stewardship Code to the Financial Reporting Council (FRC) to review.

This document outlines how we uphold our commitment to responsible, long-term investment by actively engaging with and influencing the companies in which we invest.

We will find out in due course whether we have met the expected standard of reporting to remain a signatory to the UK Stewardship Code.

Read our Submission to the UK Stewardship code

  

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