Dear Pension Fund Member
As indicated last week, we are once again holding member trustee elections, this provides you with the option to nominate the person(s) you feel should be managing your retirement fund. You can nominate more than one person, including yourself. Attached, please find more information regarding the election process and a nomination form. You can nominate your nominee online, by using this link: https://bit.ly/3FiZeXI .
Over the vatious periods to 30 September 2021, the funds investment portfolios have provided the following returns:
NET Portfolio Performance Review as at 30 September 2021
|Quarter||1 Year||3 Year||5 Year|
(GLMW Average) #
|Peer Benchmark(GLMW Average) *||3.7||21.6||8.6||8.6|
|Passive Benchmark *||1.9||19.3||8.5|
|Phase Down Port 3 Wealth Preservation||2.7||16.0||8.1||7.6|
(40% GLMW & 60% Absolute Ave)*
(40% WC & 60% CP) #
|Actual Benchmark (CPI+4%) #||2.4||8.7||7.9||8.4|
(Average Absolute Return 3-5%) *
|Passive Benchmark *||1.8||16.8||8.1|
|Actual Benchmark (STeFI) #||1.0||3.8||5.8||6.4|
|Peer Benchmark (Average MM) *||1.3||4.8||6.9|
|Actual Benchmark (CPI+3.5%) #||2.3||8.2||7.4||7.9|
|Passive Benchmark *||1.8||18.8||7.8|
|Phase Down Port 1||2.4||17.2||8.6||7.8|
|Phase-down Portfolio 2||2.5||16.7||8.4||7.7|
|Phase-down Portfolio 4||2.8||15.4||7.9||7.5|
|Actual Benchmark #||1.0||15.7||7.8||7.0|
|Passive Benchmark *||1.7||19.3||8.2|
# Benchmark changed from Jan 2017, long term returns are spliced with the previous benchmark
*Inception Jan 2017
In an effort to provide you with regular pension related communication, we have also prepared a short survey (it will not take more than 2 minutes of your time) for you to complete: https://bit.ly/3v2PDzO , this will assist us in ensuring that our 2022 communications plans meet your needs. In the comment section, please advise if there is anything you would like us to include and please tell us what we can do better!
Funeral Nomination Form
We also take this opportunity to remind you to complete your funeral nomination form and, forward this form to your HR Business Partner or us here at the pensions office, if you have not done so already.
As always, take care!