understanding the results of the ongoing business activities of the Group, The net after tax adjustment was an addition to statutory profit of $44million comprised of several items. * * Pro-forma refers to cash profit adjusted to remove the impact of ?Specified Items?including the impact of software capitalisation policy charges, Asia partnership impairment charge (AmBank) and gain of cessation of equity accounting (Bank of Tianjin), restructuring expenses, sale of Esanda Dealer Finance portfolio. Further detail provided in the ANZ Half Year 2016 consolidated Financial Report p15 * * * Previously 65-70% of cash profit * * * * Internationally comparable methodology aligns with APRA?s information paper ?International Capital Comparison Study? (13 July Reflecting on our own business, 2016 has brought with it both change and challenge! In terms of change, two key appointments on our Group Management Board are driving this - Shayne Elliott took up the reins as Group CEO in January, with Mark Whelan being appointed as Group Executive, Institutional in February. This is clearly a leadership team that means business. Shayne and Mark have moved quickly to correct our position and have already made significant progress in streamlining and simplifying the business to ensure the bank is future ready. Shayne summed it up well when he commented on 3 May: ?This result reflects a challenging period for banking and we have taken the opportunity to move decisively and adapt to the changing environment by building a simpler, better capitalised and more balanced bank?? ? while Mark?s comments around Group cash profit being up 5% also tell a positive underlying story: ?Remember we?re in a low interest rate environment and we?re seeing our cash earnings grow ? that means we?re doing a lot more with our customers in the transactional banking sense. We want to see that continue and we want to see trade growth come back and we also want to see our Markets business contribute, so we?re looking to get a better mix for our business.? (cont'd p 2) I t is a pleasure to be writing for our Pensioners Association Newsletter at the mid-year point, to share some extracts and context around ANZ?s recent half year 2016 results. You will probably have seen the Group?s headline performance numbers (released on 3 May 2016), which confirmed a profit of A$2.7 billion, down 22%, and a cash profit* of A$2.8 billion, down 24%, following a A$717 million net charge primarily related to initiatives to reposition the Group for stronger profit before provisions growth in the future. Excluding these Specified Items, allowing for better comparison with previous periods, adjusted pro-forma cash profit* * was A$3.5 billion, down 4%, and profit before provisions was up 5%. The interim dividend of 80 cents per share fully franked is down 7%, reflecting a move to gradually consolidate ANZ?s dividend payout ratio within its historic range of 60-65% of annual cash profit* * * , which provides a conservative, sustainable and fully franked dividend base for the future. The final dividend for FY16 is expected to be at least the same as the interim dividend in cents per share. Summary: -Statutory profit after tax of $2.7 billion, down 22% vs 1H2015 -Cash profit* of A$2.8 billion, down 24% vs 1H2015 -Adjusted pro-forma cash profit* * A43.5 billion, down 4% vs 1H2015 -Final dividend 80 cents per share fully franked -Return on Equity (RoE) 12.2% -ANZ?s Common Equity Tier 1 (CET1) Ratio is 14% on an internationally comparable Basel 3 basis* * * * and 9.8% on an Australian Prudential Regulation Authority (APRA) Basel 3 basis * Cash profit excludes non-core items included in statutory profit and is provided to assist readers in M essage f r om Diana Brightmore-Armour, CEO UK and Head of GDI, Europe & America Newsletter Summer 2016 No 84 Page 1 Pensioner's Association Newsletter Summer 2016 No 84 This Issue P1-2 Message from the CEO P2 Message from The Chairman P3 Editorial P3 Important dates for your Diary 2016 P4-6 Social - Kent Lunch Forthcoming Social Events - 2016 AGM & Autumn Party - Haywards Heath Lunch - Edinburgh Lunch -Orpington/Hayes Lunch P6 Letters & Articles - 40th Anniversary MIDANZ P7- 8 Societies & Clubs -Ex-Services Assoc 50/50 Club -ANZ Sports & Social Club -Bracklesham Bay -The Wine Club P9 Retirements & Bereavements P10 AGM Notice, Agenda & Annual Report P11 ANZ Pensioners' Assoc Income & Expenditure Account year ended Dec 2015 P12 Acceptance form AGM/Party
Transcript
understanding the results of the ongoing business activities of the Group, The net after tax adjustment was an addition to statutory profit of $44million comprised of several items.
**Pro-forma refers to cash profit adjusted to remove the impact of ?Specified Items? including the impact of software capitalisation policy charges, Asia partnership impairment charge (AmBank) and gain of cessation of equity accounting (Bank of Tianjin), restructuring expenses, sale of Esanda Dealer Finance portfolio. Further detail provided in the ANZ Half Year 2016 consolidated Financial Report p15
***Previously 65-70% of cash profit
* *** Internationally comparable methodology aligns with APRA?s information paper ?International Capital Comparison Study? (13 July
Reflecting on our own business, 2016 has brought with it both change and challenge!
In terms of change, two key appointments on our Group Management Board are driving this - Shayne Elliott took up the reins as Group CEO in January, with Mark Whelan being appointed as Group Executive, Institutional in February.
This is clearly a leadership team that means business. Shayne and Mark have moved quickly to correct our position and have already made significant progress in streamlining and simplifying the business to ensure the bank is future ready.
Shayne summed it up well when he commented on 3 May: ?This result reflects a challenging period for banking and we have taken the opportunity to move decisively and adapt to the changing environment by building a simpler, better capitalised and more balanced bank??
? while Mark?s comments around Group cash profit being up 5% also tell a positive underlying story: ?Remember we?re in a low interest rate environment and we?re seeing our cash earnings grow ? that means we?re doing a lot more with our customers in the transactional banking sense. We want to see that continue and we want to see trade growth come back and we also want to see our Markets business contribute, so we?re looking to get a better mix for our business.?
(cont'd p 2)
I t is a pleasure to be writing for our Pensioners Association Newsletter at the mid-year point, to share some extracts and context around ANZ?s recent half year 2016 results.
You will probably have seen the Group?s headline performance numbers (released on 3 May 2016), which confirmed a profit of A$2.7 billion, down 22%, and a cash profit* of A$2.8 billion, down 24%, following a A$717 million net charge primarily related to initiatives to reposition the Group for stronger profit before provisions growth in the future.
Excluding these Specified Items, allowing for better comparison with previous periods, adjusted pro-forma cash profit* * was A$3.5 billion, down 4%, and profit before provisions was up 5%.
The interim dividend of 80 cents per share fully franked is down 7%, reflecting a move to gradually consolidate ANZ?s dividend payout ratio within its historic range of 60-65% of annual cash profit* ** , which provides a conservative, sustainable and fully franked dividend base for the future. The final dividend for FY16 is expected to be at least the same as the interim dividend in cents per share.
Summary:
-Statutory profit after tax of $2.7 billion, down 22% vs 1H2015
-Cash profit* of A$2.8 billion, down 24% vs 1H2015
-Adjusted pro-forma cash profit* * A43.5 billion, down 4% vs 1H2015
-Final dividend 80 cents per share fully franked
-Return on Equity (RoE) 12.2%
-ANZ?s Common Equity Tier 1 (CET1) Ratio is 14% on an internationally comparable Basel 3 basis**** and 9.8% on an Australian Prudential Regulation Authority (APRA) Basel 3 basis
*Cash profit excludes non-core items included in statutory profit and is provided to assist readers in
Message from Diana Br ightm or e-Ar m our , CEO UK and Head of GDI , Eur ope & Am er i ca
Newsletter Summer 2016 No 84 Page 1
Pensioner's Association NewsletterSummer 2016 No 84
This Issue
P1-2 Message from the CEO
P2 Message from The Chairman
P3 Editorial
P3 Important dates for your Diary 2016
P4-6 Social
- Kent Lunch
Forthcoming Social Events
- 2016 AGM & Autumn Party
- Haywards Heath Lunch
- Edinburgh Lunch
-Orpington/Hayes Lunch
P6 Letters & Articles
- 40th Anniversary MIDANZ
P7- 8 Societies & Clubs
-Ex-Services Assoc 50/50 Club
-ANZ Sports & Social Club
-Bracklesham Bay
-The Wine Club
P9 Retirements & Bereavements
P10 AGM Notice, Agenda & Annual Report
P11 ANZ Pensioners' Assoc Income & Expenditure Account year ended Dec 2015
P12 Acceptance form AGM/Party
Page 2Newsletter Summer 2016 No 84
To ?Remain? or ?Leave?, that is the question. By the time you read this, you will have or will be about to put your respective ?X?s? in the appropriate box? And the recriminations will be about to start, whatever the outcome. Is it me or is our society, and especially our politicians, losing the plot. As I write this,
the whole political debate seems to have spiralled into bitter and emotional argument and personal finger pointing where us poor members of a democracy have no idea what is right, what is wrong and who to believe. Nobody seems to know what the consequences for the UK and Europe will be one way or another. Best of luck with casting your vote!
The editor and publisher seem to be putting another splendid edition of our Newsletter for your enjoyment and education and I hope you will find plenty of interesting articles and memory teasers! Apart from the usual social events there is also a piece to mark the 40th anniversary of the first MIDANZ installation in 1976.
On the social side, after the success of last year?s event we are hosting another lunch in London on 4 July. As space was
limited at the old venue, we have moved the Turkish TAS restaurant in Borough High Street. I have yet to meet anyone who has not enjoyed the food at the TAS and the excellent value.
You will also see the papers for the forthcoming AGM on 7 September and the Party that will follow. We hope you will be able to come and enjoy good food, wine and above all to meet old friends again.
I am very pleased to report that 3 members have offered to serve on our committee since last year. I mentioned Andy Woska in the last newsletter and, since then, Jeannette Nunn and Denise Murphy have offered to join us as well. The success of our Association is largely dependent the members who are able and willing to give up some of their time to help us run the Association and its activities. Unfortunately, there is an increasing number of vacancies for RLO?s, who also play an important role in helping the Association achieve its aims. Whilst we will review the existing RLO structure and process please let a member of the committee know if you can help or if you have a view on how we can better organise the ?association network?.
In closing, my granddaughter asked me for a pet spider for her birthday, so I went to the pet shop and they were £70. ?Blow this,? I thought, ?I can get them cheaper off the web!? Sorry.
Peter Smith
Message from The Chai r m an
It?s encouraging that we have already made so much progress and have a clear strategy not only to correct short-term performance, but to drive our business to outperformance in the coming years. In practice this means we are increasingly selective about the customers we want to work with, placing great importance on the return we get from them. We are continually focusing on our costs and expense management. And we are fully committed to simplification.
Our approach as we move through this period of transition is best summarised by the four strategic priorities that underpin our Group plan:
Create a simpler, better capitalised, better balanced and more agile bank
Focus our efforts on attractive areas where we can carve out a winning position
Drive a ?purpose and values-led? transformation of the bank
Build a superior everyday experience for our people and customers in order to compete in the digital age.
The plan is clear and we are moving quickly to implement it. If you look beyond some of the headline noise in this half?s results, you will start to see some really positive signs, such as our underlying expense numbers coming off, which will carry into the second half and into next year; and the Risk Weighted Asset reductions we have achieved in recent months that are already beginning to positively impact our net margins.
I will leave you with my own view that we?re on a journey to outperformance and have already taken some big steps towards repositioning the business for future success.
Many thanks,
Diana Brightmore-Armour
Message from Diana Br ightm or e-Ar m our , CEO UK and Head of GDI , Eur ope & Am er i ca (cont'd from p1)
Page 3Newsletter Summer 2016 No 84
Welcome to the Summer 2016 edition of our ANZ Pensioners Association Newsletter.
I wrote the first draft of my Editorial on a plane on my way to Stockholm for a long weekend. We were on the plane stuck at Heathrow due to a power failure at Stockholm airport with no idea as to when we would be able to take off, so I decided to use my time wisely
! After nearly 4 hours on board and still stuck on the runway, the Pilot suddenly announced that we were finally able to take off and to cheers from the passengers we were on our way - don?t we love travelling!! We finally made it to Stockholm, forgot all the hassle and had a great time there. It is a city we would highly recommend.
By the time you receive this Newsletter we will all know the answer to the EU referendum - will it be In or Out? I whole heartedly agree with what Peter has said in his Chairman?s Message. The whole electioneering process in my view hasn?t been edifying or produced a sensible debate ? overall a pretty uninspiring experience for what is a very important decision for the country.
The good news is the Queens 90th Birthday celebrations. I hope you have been enjoying some of the celebrations that have been organised for this. What an amazing Queen she is and what a great Monarch who has served the Country so well.
Long may she reign!
And so, with one thing and another, it has been an eventful few months.
As always, it is lovely to receive all your articles, letters and reports on the social events and of course photographs both current and from the past which all add to the stories. As you will see from the list of Diary Dates for 2016, we are continuing to develop our social activities in London and across the Regions. It is great to see a growing number of old friends attending the events and we hope that this will continue.
I?m looking forward to hearing from you and hopefully catching up with you at one or more of the social events during 2016. In addition to the Newsletter, details of all the forthcoming events and activities are also on the website www.anzpauk.co.uk.
I would also like to say a big thank you as always to Tony (Twohey) for all his support and hard work in helping to develop and produce the Newsletter.
Finally, I hope you enjoy the rest of the Summer and that it will be a good one with plenty of sunshine and warmth.
For the latest information about forthcoming events, please check our website for dates, booking details and directions etc.
Page 4Newsletter Summer 2016 No 84
Social
The Kent lunch was held The Little Brown Jug at Chiddingstone Causeway. We had another good turnout with 41 attendees. Those in attendance included: Chris and Norma Allen, Edward and Jill Bell, Peter Brenchley, Ray Brooke and Margaret Pembro, Colin and Audrey Coleman, John and Beryl Coleman, Roger and Carole Davies, Marjorie Flinton, David and Brenda Gowers, Gavin and Bridget Grossmith, Marie Hall, Doris Holyoak, Colin and Jennifer Martin, Ian and Linda Dibben, John and Eve Otley, Laurie Reed, Petranella Rigney, Tim Shaw, Peter and Sheila Smith, Sheila Stewart, Neil and Karen Jones, John and Theresa Sibbett, Laurie Reed and Tony and Anna Twohey.
Peter Smith
Kent Lunch ? 11 March 2016
These and other photos of this event can be viewed online by clicking on the "more....link on the Home page of our website www.anzpauk.co.uk
Page 5Newsletter Summer 2016 No 84
For thcom ing Social Events
A Lunch will be held in the Castle Room at The New Club, 86 Princes Street, Edinburgh, on Thursday, 6 October at 12.30pm. The cost at £26 per person is net of subsidy for a three-course lunch with wine and coffee. All are very welcome!
If you would like to attend, please let Jock Laing know by sending a cheque made out in his favour to 30 Alder Tree Road, Banchory, AB31 4FW. For further information you can contact Jock on 01330 822854 or by email to [email protected]
Please respond by 8th September.
Jock Laing
Edinburgh Lunch ? 6th October 2016
Date: Wednesday 7th September 2016
Venue: The Gary Weston Library at Southwark Cathedral
(Entrance is on river side of the cathedral opposite the former ANZ office at Minerva House)
Timing: 1.30 pm (AGM), and;
2.00 pm until 6.00 pm (Reception/Party)
Cost: £15 per head (no charge for RLO?s)
Menu: Cold Fork Buffet
Drinks: Wine, beer, soft drinks, tea and coffee
All members and partners will be most welcome. We therefore hope that as many of you as possible can make it this year and especially as the cost, at £15, remains
unchanged and includes a full cold buffet and free bar from 2pm.
To confirm your attendance to this event and/or the preceding AGM, please complete and return the acceptance form on page 12 of this newsletter.
I f you have any questions, please contact Mike Turner. You can telephone Mike Turner on 01932 248031 or email
Haywards Heath Lunch - 29th September 2016The Annual Haywards Heath Lunch will be held at The Birch Hotel, Haywards Heath, on Thursday, 29 September 2016 at 12.30pm. The cost is £26.00 per person net of subsidy for a drink on arrival, followed by an excellent three-course Lunch at 1pm with wine in the dedicated Sussex Room, plus gratuity, and if you would like to enjoy this occasion with former colleagues and their other halves, please contact Ron Button at 15 Wealden Way, Haywards Heath, West Sussex RH16 4AF, or telephone 01444 455913, or email [email protected].
Annual General Meeting & Autumn Party 7th September 2016
Page 6Newsletter Summer 2016 No 84
It is 40 years since the Midas/ MIDANZ Computer system was installed in ANZ New York on 6 June 1976. It was the first overseas implementation of the system in the world. In the years since, it has continued to be the backbone system for ANZ Treasury Operations and International Operations and has been installed in 25 countries. Whilst some segments of the software have been replaced with modern technology such as Wall Street the core MIDANZ system still operates in 50 ANZ offices across 18 countries, including Australia, the US and the UK.
Many staff have worked on the system over the years both in IT and Operations. The picture shows the ANZ IT syndicate who had a big win on the Littlewoods Pools in 1984! There are various reunions being organised amongst the former staff in Australia, the UK and Bangalore, who worked on the development, maintenance and implementation of the system around the world. The current support team is based out of
Bangalore and a small team of 4 based in Melbourne, including Russell Clark who originally joined the MIDANZ team in the UK. The picture below was taken at a reunion of current and former UK IT staff on the occasion of Russell?s recent visit to the UK.
The original system development team was based out of London from where the initial systems were implemented in New York and Los Angeles. After the acquisition of Grindlays in 1985, MIDANZ replaced the former Grindlays systems (GAS) in the Corporate and Treasury divisions.
Over the years, MIDANZ has continued to be developed and enhanced to meet the changing business and technology environments both globally and regionally. It?s continued use today bears testament to the success of the systems design and development teams that have worked on the system over the years.
Peter Smith
Let ter s, Ar t i cl es etc
40th Anniversary of MIDANZ ? 6 June 2016
For thcom ing Social Events
Orpington/Hayes Lunch, Wednesday 26th October 2016
The Orpington and Hayes regions will hold a combined lunch at the Bromley Court Hotel, Bromley Hill, Bromley BR1 4JD on Wednesday 26th October 2016 at 12 for lunch at 1pm.
Final details for this event have still to be agreed with the Hotel, however if you are interested in attending and would like to receive an invitation with all the details, please contact Theresa Sibbett on 01689 859565 or by email to [email protected]
All are welcome.
Theresa Sibbett/Roy Gibbs
Page 7Newsletter Summer 2016 No 84
Dear Member, 4th April 2016
I append below copy of a letter (duly updated) which has now been received by all 50/50 Club members. The Club year ended at the end of March and has now been closed after transferring the sum of £961.32 to the ESA itself.
Despite our efforts to find a person willing to continue the club we have been unsuccessful and therefore look to other members of the ESA. If you are able or willing to offer your services in this regard would you please contact me as soon as possible.
With kind regards
David Gowers
President
Administrator of 50/50 Club
LETTER SENT TO ALL 50/50 CLUB MEMBERS (UPDATED)
After giving much thought to the matter I have regretfully and reluctantly decided that, due to my deteriorating eyesight (I am now registered as ?Sight impaired?), I am unable to continue to administrate the Club.
I would like to take this opportunity to thank you sincerely on behalf of the Bank?s Ex-Services Association for your valuable membership of the 50/50 Club. Over the past 11 years we have raised nearly £12,000, which has been handed over to the ESA itself for donation to ex-services charities. It would be a great pity if this function of the ESA had to stop now!
We have had no success in finding a replacement administrator of the Club but I ask you to consider volunteering yourself. If you would like to know more please do not hesitate to phone me on 020 8668 4300.
David Gowers
Societies & Clubs
Ex-S er vices Associat ion 50/ 50 Club
1st £25 No 77
2nd £15 No 108
3rd £10 No 189
Mrs P. Rees 97 Miss J V Jordan
Mr F Lavery 128 Mrs J Bogie
Mrs V C Thompson 52 Mr R J Barber
FEBRUARY MARCH
Special Quarterly Draw (March) £75 No 2 Mrs P Atkinson
Consolation Prizes at Year-end £10 each
No 192 Mr R J Barber No 203 Mr B Cobb
No 158 Mr H Pattison No 152 Mr J Miller
No 74 Mr F J Gunn No 106 Mr J Lavery
No 45 Me I MacKay No 26 Mrs J Bogie
The results of draws for February and March 2016 are:
Page 8Newsletter Summer 2016 No 84
Societies & Clubs
ANZ Golf SocietyBy the time you read this the 2016 season will have been well under way with meetings at the London Golf Club in April and Chislehurst in early June.
The Society AGM was held at the London Golf Club before the Captains Bowl competition. Ted Fenwick was elected as captain for this year. It was reported that limited sponsorship funding remains a key issue for the long term future of the society although it is anticipated that sufficient funds are held to continue with a full calendar of events for this year without increasing match day fees.
Fixtures for the remainder of the season, include:
Sunday 3 July ? London Golf Club ? Toomey Cup
Friday 22 July ? Thorndon Park GC ? ANZ Open
Friday 9 September ? Orsett GC ? Chisholm Quaich
Monday 3 October ? Warley Park GC ? North vs. South
If you are interested in participating in any of the Golf Society 2016 events, please contact the Membership Secretary, Andy Jack on 020 3229 2696 or [email protected].
Photos taken at the London Golf Club competition and AGM can be found in the photo gallery on the website. (http://www.anzpauk.co.uk/anz-golf-society.html)
Br acklesham BayBooking can now be made direct with Jeanette Nunn who recently retired from the Bank. The email address for bookings is [email protected]. Or contact Jeanette via her mobile +447597567566. Further information about the facilities and a calendar with current availability can be found on the noticeboard on our website http://www.anzpauk.co.uk/notice-board.html
T he Wine Club
Contact details for the Wine Club are Kay Davis ([email protected]) .
Peter Smith
Outgoing Captain, Theresa Sibbett, putts out and new Captain, Ted Fenwick, drives off
Page 9Newsletter Summer 2016 No 84
Retirements
We welcome the following new members of our Association who have retired since publication of Newsletter 83.
Bereavements
We regret to report the deaths of the following pensioners since publication of Newsletter 83.
Page 10Newsletter Summer 2016 No 84
ANZ PENSIONERS' ASSOCIATION
(A) Notice of AGM (B) Agenda for AGM (C) Annual Report (D) Income & Expenditure Report (see p 11)
(A) NOTICE is hereby given that the 28th Annual General Meeting will be held on Wednesday 7th September 2016 at 1.30pm in The Gary Weston Library at Southwark Cathedral to confirm the Minutes of the 27th Annual General Meeting held on 9th September 2015, receive the Annual Report, elect officers and members of the Committee, appoint an Honorary Auditor and transact any other business brought before the meeting. Matters that members wish to raise under 'Any Other Business' must be submitted in writing to reach the Secretary at least 14 days prior to the meeting.
Copies of the Minutes of the 27th Annual General Meeting are available from the Secretary upon request.
Election of Officers and Committee Members.
Officers to be elected at the meeting are the Chairman and the Deputy Chairman.
The present Chairman Mr. P. Smith has confirmed that he is willing to stand for re-election.
The present Treasurer Mr. Mike Turner has confirmed that he is willing to stand for re-election.
At present the Deputy Chairman remains vacant
Mrs Lynn Williams, Committee Member has confirmed that she is willing to stand for re-election to the Committee.
Mrs Jeannette Nunn, Mr Andy Woska and Miss Denise Murphy have offered themselves to stand for election to the committee.
Appointment of the Honorary Auditor
Mr. D.L.S. Phibbs has been nominated for re-appointment as Honorary Auditor.
Afterwards tea/coffee will be served and the Autumn Party will start at 2.00pm
All members, their spouses and Associate Members are cordially invited to attend the Meeting and the Autumn Party afterwards.
(B) AGENDA for the Annual General Meeting (Wednesday 7th September at 1.30 pm.
1. Apologies for absence
2. Confirmation of the Minutes of the 27th Annual General Meeting
3. Committee's Annual report
4. Presentation of the Financial Report (copy herewith which please bring to the meeting)
5. Election of Officers to the Association, including the Chairman and Treasurer.
6. Election of Members to the Committee
7. Appointment of the Honorary Auditor.
8. Any other Business (please see Notice above)
(C) ANNUAL REPORT of the Committee for the year 2015
As required by our Constitution, the Association's primary objective is to encourage contact and communication between, and to encourage social activities for its members. This year has been another very
active and successful one for the Association. This success has been largely due to our team of Regional Liaison Officers, on whom we depend to keep us in close touch with our members. Some of them, where they consider it appropriate, also organise social events in their Areas with RLOs of adjoining areas. Lunches were arranged by RLOs in Harare, Scotland, Haywards Heath, Orpington and Hayes, Guildford, and Kent Area and were all well attended and enjoyed by members and their partners. In addition, a lunch was organised in London for the second time and which was open to all members and their partners. We have Regional Liaison Officers around the country and there are currently vacancies in 10 areas, including 5 in East Anglia, 2 in the South, 2 around London, and 1 in the Midlands.
The Association's Autumn Party was held in the Library at Southwark Cathedral attended by over 60 members and and guests. We were pleased that Mary Bacon, Manager of UK Pensions, was able to give an interesting and positive summary of the Bank's business both in Europe and globally. She also took the opportunity to answer members? questions concerning the pension d(A) epartments activities as well as the wider reforms taking place in the pension industry generally. At the last AGM, Denis Armstrong asked to stand down as Deputy Chairman and this role on the committee remains a vacancy. I am pleased to be re-elected as the Chairman. This meant for the year under review the Committee consisted of Peter Smith (Chairman), Sue Waters (Secretary), Mike Turner (Treasurer) and Committee members, Neil Jones, Lynn Williams Ann Twinn and Tony Twohey with David Phibbs as Honorary Auditor. During the year, Andy Woska has offered to become a committee member and will be formally nominated for election at the 2016 AGM.
During the year the Association office has been manned every first and third Friday of the month. Sue Waters as Secretary has handled all of the Association's correspondence. Mike Turner pays the bills and keeps the accounts up to date and has assumed the organization of this Autumn Party and the Annual General Meeting. Neil Jones has done a great job of keeping the database up-to-date. Lynn Williams has done a wonderful job as Editor of the Newsletter. The three editions which were issued during the year have been popular and well received by our members. Tony Twohey has also played a pivotal role in the publication and printing of the Newsletter has identified internet based technologies that we are able to use in order to maintain and improve the presentation of both our Newsletter and website.
The MINERVA CLUB continued to meet at the Mug House Wine Bar in Tooley Street and which attracted over 50 people during 2015. The Club meets at the Mug House at 3.pm on the third Wednesday of March, June and December.
Thank you to Tony Twohey for keeping our website up to date and we now have over 270 website readers and with the cost of postage increasing we hope to encourage more people to use the on-line version of our newsletter.
We are grateful to the Bank in London for the support during the year and especially Mary Bacon and her staff in the Pensions Department. We are also grateful to the Bank Support Services for the use of an office and associated materials and equipment.
As at 31st December 2015, our membership was 1,547 which was 27 fewer than as at the beginning of the year. Our thoughts and sympathy go out to the families and friends of the 56 of our members who died during 2015.
Page 11Newsletter Summer 2016 No 84
The content of members' Articles in this Newsletter does not necessarily reflect the views of the Editor, Committee or members of the Association
40 Bank Street, Canary Wharf, London E14 5EJ | E-mail: [email protected] | Website: www.anzpauk.co.uk
Pensioners? dedicated Telephone No. 0203-229-2777
Acceptance form for the AGM and/or Annual Party on 7 September 2016Please complete and return this slip to Mike Turner, 32 Sandy Way, Walton on Thames, KT12 1BL (NOT TOTHE OFFICE PLEASE) to arrive as soon as possible, and in any event no later than 31 August.
Number of people attending the AGM at 1:30 pm (prompt).... _____
Number of people attending the Annual Party from 2pm... _____
