As a matter of interest and as an aid to understanding the relationship between trustees and the company, would it be possible for our trustee representatives to say when they first heard about the C plan changes ?
Were they informed about it before the announcements today and if so, was it presented as a fait accompli with no opportunity to comment ?
Or is this something that trustees and company repas have been working or together for some time ?
Or is it the case that the company defines the policy and trustees just have the responsibility to administer the fund ?
I'm not unhappy with the outcome .. just interested in what went on behind the scenes while people were speculating on this forum what might happen.