Issue - decisions
Funding and Flight Path update
03/03/2020 - Funding and Flight Path update
RESOLVED:
(a) The updated funding position (currently on assumptions consistent with the 2016 valuation) and hedging position for the Fund and the progress being made on the various elements of the Risk Management Framework was noted.
(b) The impact of the equity protection strategy was noted.
(c) The Committee noted that any currency risk associated with the market value of the synthetic equity portfolio with the Flightpath strategy is hedged, and a further hedge has been placed on the Fund’s developed market physical equity holding.