UK Pensions
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Our principal UK pension arrangement is the Wood Pension Plan and it is governed by a Trustee Board which is separate from the company. The Plan is divided into Defined Benefit (DB) and Defined Contribution (DC) sections, the assets for which are held separately from each other and completely independent from the assets of the company. The documents below are made available to explain the Trustee’s approach to the investment of the DB and DC assets. This includes its investment philosophy, objectives and the strategy for managing the assets, as well as its approach to responsible investment. Also included is the Trustee’s latest annual Report & Accounts.

Statement of Investment Principles - Updated September 2020

Our Statement of Investment Principles defines the policies and principles that govern decisions on how the Plan’s DB and DC investments are managed.

Our Principles

Investment Policy Implementation Document - Updated September 2020

Our Investment Policy Implementation Document describes the specific investment categories and managers utilised to deliver the investment strategy alongside other information relevant to the management of the assets.

Our Investments

Trustee’s Report & Accounts

The Trustee produces an annual Report & Accounts, summarising the key activities within the Plan and the financial movements over the year.  Also included is a statement by the Trustee Chair about the governance of the DC Section of the Plan, including a section on charges, transaction costs and value for members and the Statement of Investment Principles with an accompanying implementation statement.

2020 Report & Accounts