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Disclosure of information relating to certain BAE Systems pension arrangements

For some of our pension schemes the Trustee has to make certain information available to members via a publicly accessible website. In accordance with the legislation governing this area this page has been created to house this information. 
The Chair's Statement for each section of the BAE Systems Pension Scheme and for the BAE Systems Executive Pension Scheme can be found as pdf files on the right hand side of this page. It explains how the arrangements provide value for members with Defined Contribution (DC) benefits. 

In summary the Statement covers the following: 
  • The governance structure around the investment fund options available to members 
  • How the Trustee monitors the administration service to ensure core financial transactions are processed efficiently 
  • Information regarding transaction charges 
  • Confirms the Trustee’s view that the Scheme provides good value 
  • An independently scored assessment of the Scheme in the areas of Investment, Administration and Communication 
  • Confirmation that Trustee knowledge and understanding is being maintained at the highest level
 
The DB Statement of Investment Principles (DB SIP) and DC Statement of Investment Principles (DC SIP) for each section of the BAE Systems Pension Scheme and for the BAE Systems Executive Pension Scheme can be found as pdf files on the right hand side of this page.  
 
Each DB SIP sets out the Trustee's investment strategy, including the investment objectives and investment policies for assets held for the purpose of providing defined benefits under each section of the BAE Systems Pension Scheme and the BAE Systems Executive Pension Scheme (as applicable).
 
Each DC SIP sets out the Trustee's investment strategy, including the investment objectives and investment policies for assets representing members' money-purchase or defined contribution benefits under the BAE Systems Pension Scheme and the BAE Systems Executive Pension Scheme (as applicable).
 
The relevant DC SIP and DB SIP for each section of the BAE Systems Pension Scheme and the BAE Systems Executive Pension Scheme together comprise the Statement of Investment Principles required by section 35 of the Pensions Act 1995.