The Pensions Board has today published its full Annual Report and Accounts (https://www.churchofengland.org/media/2034822/pensions%20board%20annual%20report%20and%20financial%20statements%202013.pdf) for 2013, with investment returns outperforming their benchmarks.
It manages assets in excess of Pounds1.5 billion and operates two investment pools for its Pension Funds. The "Return Seeking" pool generated an 18.6 per cent return on its investments over 2013, and has outperformed its benchmarks for the past one, three and five years. The "Liability Matching" pool also outperformed its benchmark with a 0.6 per cent return, and has also been ahead of the benchmark over the past five and ten years.
The Pensions Board applies all the ethical investment policies recommended by the Church's
The Board provides retirement services set by the
In 2013, the Board focused on the retirement services offered to clergy, both pensions and housing. The actuarial valuation for the Clergy Pension Scheme was completed with only a modest increase in the contribution rate and no changes to the benefits package offered to clergy. A consultation on the CHARM rental scheme was also launched. The results and changes arising from the consultation were announced earlier in July.
Work commenced on the actuarial valuation for the
The full report can be downloaded at https://www.churchofengland.org/media/2034822/pensions%20board%20annual%20report%20and%20financial%20statements%202013.pdf
An executive summary can be found at https://www.churchofengland.org/media/2035564/cofe%20review%202013%20high%20quality.pdf
Pensionable service to
TNS 24KuanRap-140729 30FurigayJof-4811219 30FurigayJof
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- Stocks Rise Before Fed Statement
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Occupy Wall Street Buys Up Student Debt
- Kohl's Hiring 67,000 for the Holidays
- Cool Features on Today's New iOS 8