Statement of Investment Principals 30 September 2019 - Flipbook - Page 1
Morrison CARE Pension Scheme
Statement of Investment Principles
This Statement sets out the principles governing decisions relating to the investment of
the assets of the Morrison CARE Pension Scheme (the Scheme), together with the
Scheme’s current investment strategy.
Nature of Scheme
The Scheme is a defined benefit arrangement set up under trust and registered with
HM Revenue and Customs (HMRC).
The Statement has been prepared to comply with Section 35 of the Pensions Act 1995,
Section 244 of the Pensions Act 2004 and the Occupational Pension Scheme
(Investment) Regulations 2005, the Pension Protection Fund (Pensionable Service) and
Occupational Pension Scheme (Investment and Disclosure) (Amendment and
Modification) Regulations 2018, and the Occupational Pension Schemes (Investment
and Disclosure) (Amendment) Regulations 2019.
A copy of this Statement will be made available to Scheme members on request to the
Trustee of the Scheme, Punter Southall Governance Services, via BBS Consultants &
The Trustee will obtain and consider professional advice on the content of this
Statement from BBS Consultants & Actuaries Ltd (BBS), the appointed investment
adviser to the Scheme. BBS has confirmed to the Trustee that it has the appropriate
knowledge and experience to give the advice required under legislation.
The Trustee will thereafter obtain such advice as it considers appropriate and
necessary whenever it intends to review or revise this Statement.
The Trustee has consulted the Principal Employer, Morrison Utility Services Limited,
when setting the investment objectives and strategy, and in the preparation of this
Responsibility for maintaining the Statement and determining the Scheme’s investment
strategy rests solely with the Trustee.
The Trustee’s investment powers are set out in Rule 20.2 of the Rules dated 30 March
2006. The powers granted to the Trustee are wide and this Statement is consistent
with those powers.