The IMPAC Scottish Region Annual General Meeting is being held at the Garfield House Hotel on Wednesday 21st.April at 6.00p.m. for 6.30p.m. At this meeting S.Andrews, A.G. Russell and C.Martin will outline the Actuarial Valuation procedure which will take place during 2010. A recent survey suggested that 90% of defined benefit schemes are now closed to new entrants. 20% are closed to future accruals and a further 40% are considering this option. Will the valuation place us with the 91% of schemes now in deficit? It may well do. ITL has always supported the fund when difficulties arise and there is no indication that they will do otherwise whatever the outcome of the valuation.
Annual General Meeting 2010
March 31, 2010