It’s a legal requirement that the investment strategy should be reviewed regularly and whenever there is a change to the fund to ensure it still meets the needs of all members.

Review the strategy at least annually, or when there is a significant event including:

• a market correction
• when a member starts receiving a pension
• when a member joins or leaves the fund.

Evidence of a review should be given to the fund's auditor. This will demonstrate that the requirement to review the investment strategy regularly has been met and revised where necessary.