On the go: The Heinz 2000 Pension Plan completed a partial buy-in last year, according to the scheme’s most recent statement of investment principles.
In July 2021, the pension plan implemented an annuity policy with the Pension Insurance Corporation covering all accrued liabilities up to August 1 2020, its 2021 statement of investment principles shows.
According to the plan, it has the option to top up the policy to cover benefits accrued after August 1 2020 at a later date.
The remaining assets at the plan comprise gilts and cash through investments with BlackRock.
“The gilts are held as a broad match for potential liability-like costs that may arise in the continued running of the plan, with the remaining assets invested in the BlackRock Sterling Liquidity Fund,” the statement revealed.
This article originally appeared on MandateWire.com
