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A.S. Watson (Health & Beauty UK) Pension Plan

All Defined Contribution (DC) pension schemes such as the AS Watson (Health & Beauty UK) Pension Plan (the Plan) are required to produce an annual Chair’s Statement. This, amongst other things, must cover:

• The Plan’s investment strategy and its governance
• The disclosure of costs and charges (including transaction costs) relating to investments
• The assessment of value for members
• Trustee knowledge and understanding

Part of the Plan’s Trustee role is to monitor the investment funds the Plan offers to ensure they are suitable for the membership. As mentioned above, this includes having to make available to members details of the on-going charges incurred by members in investing in each fund. The Chair’s Statement can be viewed here.

The Trustee also has ultimate responsibility for the investments of the Plan’s assets and is required, under legislation, to prepare and review regularly a Statement of Investment Principles. This Statement, which can be viewed here, sets out the principles governing decisions about the investment of Plan assets.

For any members who hold a Defined Benefit (DB) or Defined Contribution (DC) pension in the AS Watson Pension Plan (administered by Barnett Waddingham), please find Questions & Answers document.