INVESTORS WORKING HERE MEDIA CONTACT SHARE PRICE Our business Our bakeries Our responsibilities Our markets search Pension Governance HOME east INVESTORS east PENSION GOVERNANCE A number of companies within the Group operate defined contribution (DC) pension schemes with one company operating a defined benefit scheme. The Group’s defined benefit scheme is the Memory Lane Cakes Pension Scheme (“Scheme”) which is a separately administered plan. The trustees have appointed advisers to provide investment advice and fund managers to manage the Scheme’s assets. The investment managers will ensure that suitable internal operating procedures are in place to control individuals making investments for the Scheme. The majority of the Scheme’s liabilities are linked to price or wage inflation. The investment policy seeks to provide a return in excess of government bonds, whilst also hedging some of the interest rate and inflation risk in the Scheme (using Liability Driven Investment strategies). On the basis of continued long-term support by the Principal Employer, Memory Lane Cakes, the Trustees will continue to measure and manage the risks of the Scheme’s long-term investment strategy against the liabilities calculated by the Scheme Actuary as part of the triennial valuation. The Group operates two Defined Contribution (DC) pension schemes on behalf of its employees, a contract based Group personal pension and Master Trust. The Group has put in place a Pension governance committee which works with third party pension scheme advisers to provide governance oversight of both schemes. Whilst the Master Trust is overseen at provider level by a set of Trustees the Group also includes this in its ongoing DC Governance process. The Group’s governance oversight looks to address the standards outlined by the Pensions Regulator’s DC code of practice. The DC code focuses on a set of standards that are related to the requirements of pensions legislation and reflect the regulator’s view of good practice. The committee meets regularly to asses both schemes against these standards. The committee then implements action plans to ensure the Group’s pension schemes continue to provide good quality and good value retirement benefits for members. IN THIS SECTION Corporate Governance east Reports & Presentations east Major Shareholders and Directors’ Interests east Share Price east Analysts east Regulatory News east Events calendar east Pension Governance east AIM Rule 26 east Advisors east Dividend History east Board east YOU MAY ALSO BE INTERESTED IN Our business Our responsibilities Our markets OUR BUSINESS Our business OUR BAKERIES Memory Lane Cakes Fletchers Kara Johnstone’s Food Service Lightbody Lightbody Europe Nicholas & Harris Ultrapharm Ultraeuropa OUR MARKETS Licensed Brands International UK Bakery OUR RESPONSIBILITIES Health & safety Food health Sustainable sourcing Environment Community Modern slavery act Gender pay gap INVESTORS Corporate Governance Reports & Presentations Major Shareholders and Directors’ Interests Share Price Analysts Regulatory News Events calendar Pension Governance AIM Rule 26 Advisors Dividend History Board WORKING HERE Current vacancies Colleague Stories Learning & Development Internal awards Graduate programme Values MEDIA Press Releases Latest News Gallery Awards FOLLOW US © 2021 Finsbury Food Group Plc PRIVACY SITEMAP We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Accept Cookies