As the Trustee of the YCBPS, we publish some documents each year that explain how the Scheme is being run and how it’s performing.

We’ve now published our latest:

• Annual Report and Accounts - this covers who runs the Scheme, how it’s being managed, how it’s performing, and other information we need to report on each year.
• Statement of Investment Principles - this explains our approach to investing, and what we hope to achieve from the investments we choose.
• Implementation Statement - this explains how we followed and acted on the Statement of Investment Principles in the last year.

In December 2024, we published a funding update which explained that the Scheme’s funding position has improved.

We’ll share our next funding update in December 2025.