These are challenging times, but I hope to be able to provide some reassurance to our PPF and FAS members.
Although financial markets are facing a difficult situation, our continued low-risk investment strategy is explicitly designed to enable us to pay our PPF members.
As I said in the last Member Focus, we build reserves precisely for this kind of market situation, and also the fund is protected from changes in interest rates and inflation. If you'd like to know more about how this works, you may be interested to watch this short animation.