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The Trustees are very closely monitoring the situation in Ukraine. We have established that the Scheme’s direct exposure to Russia and Ukraine is extremely low.
You will recall that in June 2021, we wrote to advise that our Scheme Funder, Construction First Ltd, had been acquired by Cushon. Today, we would like to update you on another exciting milestone for Cushon. Cushon has acquired Creative, the manager of Creative Pension Trust, subject to FCA approval.
