58 Finsbury Food Group Annual Report & Accounts 2016





16. Pension Schemes (continued)


    holding. The actual return on the scheme’s assets, net of expenses, over the year to the review date was around -3.3% (2015: 7.7%), the negative return occurred in the second half of the year and was impacted by the uncertainty and volatility around the time of the EU referendum vote.


2016 Pre-retirement mortality assumption Post-retirement mortality assumption S2NA year of birth tables with CMI 2015


projections and 1.25% pa long-term rate of improvement


S2NA year of birth tables with CMI 2015


projections and 1.25% pa long-term rate of improvement


 2016


   


24.1 26.4 22.4 24.5


 


Sensitivity Analysis  assumptions and their approximate (decrease)/increase in liabilities.


2016


Discount rate plus 0.5% Discount rate minus 0.5%  


Life expectancy plus 1.0 years Life expectancy minus 1.0 years


(£2.2 million) £2.5 million £2.5 million (£2.2 million) £0.5 million (£0.5 million)


 


Risk Mitigation Strategies Whilst the scheme does not explicitly hold risk mitigation strategies such as swaps, annuities or liability driven investments, the investment 


 The Company is required to agree a Schedule of contributions with the Trustees of the Scheme following a valuation which must be carried out at least  expected the Company may be required to increase contributions above those set out in the existing Schedule of Contributions. Conversely, if the     will be no events that would give rise to a settlement/curtailment/past service cost.


2015


24.3 27.0 22.5 25.0


2015 


projections and 1.25% pa long-term rate of improvement





projections and 1.25% pa long-term rate of improvement


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