Legislation complied with: The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019
Content: The London Business School Pension and Assurance Scheme is a closed defined benefit scheme sponsored by the School. It closed to new members from 1 August 2004 and then closed to future accrual from 31 July 2010. It was set up through a Trust Deed dated 30 May 2002 to provide defined benefits on a final salary basis to eligible employees of the School. Prior to this date the benefits were provided thorough a Legal and General Trust. The Scheme is controlled and administered by a set of trustees. The trustee board comprises one professional trustee, one management trustee and one member nominated trustee.
As part of a series of developments intended to improve transparency around investment and the oversight of scheme investments the trustees are making available the Scheme’s Statement of Investment Principles (SIP) publicly available on this website. The SIP sets out the trustees’’ investment strategy and objectives. The trustees have taken investment advice on this matter and the link to the SIP is attached below.
The Trustees have reviewed the extent to which their policy from the SIP relating to the exercise of rights (including voting rights) attaching to the investments was followed over the Scheme Year and the Implementation Statement linked to below confirms the outcome of that review, along with the voting record of the Scheme’s investment manager.
The London Business School Pension and Assurance Scheme
(PDF, 31KB)
Scheme Implementation Statement
(PDF, 264KB)