This statement sets out how, and the extent to which, the Statement of Investment Principles (‘SIP’) produced by the Trustees has been followed during the year to 30 September 2021. This statement has been produced in accordance with The Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018 and the guidance published by the Pensions Regulator.