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2024 Annual Report

2024 Annual Report Image

We have now published our unaudited  Annual Report and Financial Statements (PDF) [7MB] (opens new window)  for the Year to 31st march 2024.

Key figures include:

  • +9.9 investment return for the year
  • £2.7 billion increase in value in the year
  • £30.6 billion closing value as at 31st March 2024
  • +8.5% p.a. investment return over last 10 years
  • £827 million total pensions and lump sums paid over the year
  • Total membership increased to 286, 000
  • +10.1% inflation increase applied to all members at the start of the year
  • +6.7% inflation increase applied shortly after the year end
  • £2 billion total investments in  our UK  Direct Impact Portfolio (DIP)
  • DIP investments now produce enough green energy to fuel over 317,000 homes

Other key developments included:

  • A+ rating retained for responsible investment (PRI)
  • Signatory of the UK Stewardship Code 2021, 2022 and 2023
  • Signatory of the Paris Aligned Investment Initiative (PAII)
  • The actuarial valuation of SPF as at 31st March 2023 confirmed a funding level of 147%

2024 Annual Report Image

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