TBA fund payments suspended

Recent claims experience shows that there has been a greater volume, with higher values, of claims from the TBA Fund over and above that projected in the actuarial model. Consequently, it has become necessary to suspend all payments from the TBA Fund, with immediate effect, to enable the Trustees to obtain up to date actuarial and legal advice. A revised payment percentage for the TBA Fund will be advised as soon as possible.

The T&N and EL Funds are not affected.