The Meat Industry Scheme is a defined contribution scheme. The benefits payable by your scheme are guaranteed by the Government.
The earnings rate declared by the Board for the scheme for the year ended 31 March 2018 was 6.12% on Members' Total Credits as at 1 April 2017, and 3.06% on contributions paid during the year. The investment return (after tax and operating expenses) earned by the scheme for the year ended 31 March 2018 was 6.45%.
How your money is invested
The scheme's asset allocation strategy is set by the Board and reviewed regularly. The asset allocation strategy for the scheme was reviewed during the year. The pie chart shows the scheme’s asset allocation strategy since 1 May 2014 and the new strategy effective from 1 May 2018.