In recent days there have been sharp movements on certain financial markets as a result of which the Bank of England has taken some corrective action. The media has reported that this action was partly taken to prevent the collapse of ‘pension funds’. We can reassure our members and employers that the pension fund run by NILGOSC is not the type of pension fund that was at risk because of those market movements.
The value of pensions paid by NILGOSC are not affected by the performance of the financial markets and are guaranteed to be increased by price inflation each year.
