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 2020 was 4.0% on Members' Total Credits as at 1 April 2019, and 2.0% on contributions paid during the year. The investment return (after tax and operating expenses) earned by the scheme for the year ended 31 March 2020 was -2.68%.
How your money is invested
The scheme's asset allocation strategy is set by the Board and reviewed regularly. In addition, during the year, the Board has applied its Dynamic Asset Allocation (DAA) tilting programme as outlined in the Statement of Investment Policies, Standards and Procedures (SIPSP). The pie charts show the Scheme’s asset allocation strategy effective from 1 October 2018 and the DAA position in place as at 31 March 2020.