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ASDA Group Pension Scheme
The ASDA Group Pension Scheme operates as a defined benefit plan for employees of Asda Stores Limited. Walmart provided a $1 billion contribution that...
ASDA Group Pension Scheme
The ASDA Group Pension Scheme operates as a defined benefit plan for employees of Asda Stores Limited. Walmart provided a $1 billion contribution that supported the 2019 buy-in policy. The scheme later completed a full buy-out with Rothesay Life plc. Trustees oversee activities auxiliary to insurance and pension funding. Confirmed holdings include the Madrid Affordable Housing Project and an illiquid asset portfolio in the United Kingdom. The scheme participates in the Infrastructure Investor LP Network. Richard Phillips serves as Chairman of the Trustee Board. Asda Stores Limited acts as the sponsoring employer. TDR Capital owns the current sponsoring employer.
General information
Firm type
Pension Fund
Location
Region
Europe
Country
United Kingdom
City
Manchester
Corporate office
Manchester, United Kingdom
Principals
Richard Phillips
Chairman of the Trustee Board
Frequently asked questions
Who runs investment decisions at ASDA Group Pension Scheme?
Richard Phillips serves as Chairman of the Trustee Board. The trustees handle activities auxiliary to insurance and pension funding.
How is ASDA Group Pension Scheme related to Asda Stores Limited?
Asda Stores Limited is the sponsoring employer of the pension scheme.
What role did Walmart play in the scheme's funding?
Walmart, the former parent, provided a $1 billion contribution that enabled the 2019 buy-in policy.
Does the scheme hold investments outside the United Kingdom?
Yes. It holds the Madrid Affordable Housing Project, a mixed-use development in Madrid, Spain.
Which external parties are linked to the scheme's ownership structure?
TDR Capital owns the current sponsoring employer. Rothesay Life plc executed the full buy-out of liabilities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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