| 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 |
