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Scheme Details Members Booklet & Rules Forms Annual Reports Trustees Investment
   
Statement of Investment Principles
Top 100 Equity Holdings
Responsible Investment and BTPS
   
 

Investment

Additional Voluntary Contribution Investments
In autumn 2007 changes were made to the investment funds we offer through the Scheme.

Hermes Assured’s passive funds were replaced with equivalent funds with Legal & General (L&G). Also, from November 2007, Barclays Global Investors’ active funds became closed to future AVCs. Passive funds with L&G were chosen to receive future contributions previously invested with BGI. Investments already with BGI will remain invested with them until members instruct Accenture to switch them to another manager.

Below are links to current factsheets for the funds currently available through L&G and for the closed funds with Barclays Global Investors:

L&G’s UK Equity Index Fund Factsheet

L&G’s Global Equity Fixed Weights (50:50) Index Fund Factsheet

BGI UK Equity Fund (closed)

BGI 50:50 Global Equity Fund (closed)

As well as L&G and BGI, there are a three other investment managers that invest BTPS AVCs: Abbey National, Equitable Life and Standard Life. Below is a review of the historical performance of all of the managers.

Performance of current BTPS AVC Investment Managers

Statement of Investment Principles
The Pensions Act 1995 requires the Trustees to agree a Statement of Investment Principles in consultation with the Scheme’s investment advisors and the Principal Employer. This document sets out the principles governing how decisions about investment must be made.
Below is a link to the currently agreed Statement:

Statement of Investment Principles (approved 8 May 2007)

Top 100
The top 30 equity holdings are disclosed in the Annual Report and Accounts.
Below is a link to the Top 100 equity holdings:

Top 100 Equity Holdings (as at 31 December 2007)

For information about Responsible Investment and BTPS, click here