Booker Pension Scheme
Statement of investment Principles - September 2019
The Trustee of the Booker Pension Scheme (“the Scheme”) has drawn up this Statement of Investment Principles (“the Statement”) to comply with the requirements of the Pensions Act 1995 (“the Act”) and subsequent legislation including the Occupational Pension Schemes (Investment) Regulations 2005.
The Trustee’s primary objective is to invest the Scheme’s assets in the best interest of the members and beneficiaries. In addition the Trustee will pay regard to, and seek to reflect within its investment arrangements, the Company’s objectives concerning the potential size and incidence of contribution payments.
In seeking to achieve this primary objective, the Trustee also considers a number of secondary objectives:
- To invest the Scheme’s assets in such a manner that members’ benefit entitlements are paid as and when they fall due;
- To achieve a return in line with, or in excess of the investment return assumed in the funding of the Scheme (which itself is linked to the investments held), and;
- To improve the funding position of the Scheme while seeking to reduce volatility in the funding level and contribution requirements, over time, as warranted by market conditions.
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