This excerpt taken from the ICI 6-K filed Aug 8, 2005.
In the years between full valuations an interim valuation is routinely conducted. The 2005 interim valuation, conducted as at March 31, 2005, has concluded that:
Consequently, ICI and the Fund trustees have agreed to bring forward the date of the next scheduled triennial valuation of the Fund from March 31, 2006 to March 31, 2005. The results of this valuation, which will take account of all appropriate changes to assumptions, and any implications on current funding arrangements, are likely to be available by the end of this year.