"I wanted to write to say thank you for the excellent work you have produced for us over the last year regarding the liability hedging. The complex strategy review on Inflation and Interest Rates in particular has delivered significant benefits to the Scheme and you were able to explain the …

"The main reported concern expressed by public sector non-executives on managing board level risks is “Why do so many major issues seem to blow up in a big way and we have had no warning; if we did have warning, we may have been able to help out to mitigate …