Recent Pensions legislation requires pension schemes to issue an annual Summary Funding Statement to all members. The first of these for those in the Defined Benefit section of the ICL Group Pension Plan is being sent out by the Pensions Department.

The text of the letter can also be viewed now in the members area on this website.

The reports that are referred to in this letter have recently been published in the members area of the website.

Note that the information in this letter regarding plan valuation is from the valuation report at 5 April 2003. A new valuation is currently being carried out. We will publish more about that in the members area when the results are available.