Defined Benefit Pension Scheme Statement of Investment Principles
This is the Statement of Investment Principles made by the Trustees of the Newcastle Building Society Pension and Assurance Scheme (“the Scheme”) in accordance with the Pensions Act 1995 (as amended).
It is subject to periodic review by the Trustees at least every three years and at other times, as appropriate, and immediately on any significant change in investment policy. In preparing this Statement, the Trustees consulted with the Principal Employer to the Scheme (The Newcastle Building Society) and have taken and considered written advice from the Investment Practice of Hymans Robertson LLP.
For information purposes, the Defined Benefit Pension Scheme has been closed to future accrual since 2010.
Defined Benefit Pension Scheme Implementation Statement
Statement of Compliance with the Newcastle Building Society Pension and Assurance Scheme Stewardship Policy for the year ending 30 June 2023.
This is the Trustees’ statement prepared in accordance with the requirements of the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019. This statement sets out how the Trustees have complied with the Scheme’s Stewardship Policy during the period from 1 July 2022 to 30 June 2023.