Booker Pension Scheme

Statement of investment Principles - September 2020


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 the case of a potential conflict of interest the Trustee will act in accordance with the Trustee’s policy and procedure for managing conflicts of interest.


In seeking to achieve this primary objective, the Trustee also considers a number of secondary objectives:



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Londis Pension Scheme

Statement of investment Principles - September 2020


The Londis Pension Scheme Trustees Limited (“the Trustee”) has drawn up this Statement of Investment Principles (“the Statement”) to comply with the requirements of the Pensions Act 1995 (“the Act”) and associated legislation including the Occupational Pension Schemes (Investment) Regulations 2005 (as amended).


The Trustee’s primary objective is to act in the best interest of its members and ensure that the obligations to the beneficiaries of the Scheme can be met. The Trustee’s further objective is to target a fully funded position on a basis consistent with a low risk investment strategy.


The Trustee understands that taking some investment risk, with the support of the Company, is necessary to improve the Scheme’s technical provisions and solvency funding positions. However, the targeted level of investment risk is expected to be modest in order to protect the funding position. The Trustee, in consultation with the Company, may consider transferring theliabilities to an insurance company when funding levels and costs allow (taking into consideration the attractiveness of insurance company rates) in order to safeguard members’ benefits.


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Budgens Pension Scheme

Statement of Investment Principles September 2020


The Budgens Pension Scheme Trustees No.2 Limited (“the Trustee”) has drawn up this Statement of Investment Principles (“the Statement”) to comply with the requirements of the Pensions Act 1995 (“the Act”) and associated legislation including the Occupational Pension Schemes (Investment) Regulations 2005 (as amended).


The Trustee’s primary objective is to act in the best interest of its members and ensure that the obligations to the beneficiaries of the Scheme can be met. The Trustee’s further objective is to target a fully funded position on a basis consistent with a low risk investment strategy.


The Trustee understands that taking some investment risk, with the support of the Company, is necessary to improve the Scheme’s technical provisions and solvency funding positions. However, the targeted level of investment risk is expected to be modest in order to protect the funding position. The Trustee, in consultation with the Company, may consider transferring the liabilities to an insurance company when funding levels and costs allow (taking into consideration the attractiveness of insurance company rates) in order to safeguard members’ benefits.


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