The Committee regularly reviews economic conditions and market developments, seeking to understand both risks and opportunities across asset classes. This approach helps filter short‑term noise while remaining responsive to meaningful changes in the investment environment.

Strategic and tactical asset allocation settings are assessed within a structured framework that considers risk, return and diversification. Each asset class is evaluated for its role within portfolios, ensuring exposures are intentional and aligned with long‑term client objectives.

Investment managers and strategies are assessed through a disciplined, repeatable process, with a strong emphasis on quality, robustness and alignment with our philosophy. This includes a focus on balance sheet strength, risk management and the ability to deliver resilient outcomes across market cycles.

Portfolio risk and performance are monitored regularly to ensure outcomes remain consistent with expectations and objectives. This continuous review process supports early identification of issues and reinforces accountability within the investment framework.