# ASDA Group Pension Scheme

ASDA Group Pension Scheme is a Pension Fund based in Manchester, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Manchester, United Kingdom
- **Region:** Europe
- **Address:** Manchester, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** corporate.asda.com
- **LinkedIn:** https://www.linkedin.com/company/asda-group

## Regulatory record

- **Reports private funds:** No

## About

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.

## People

- Richard Phillips — Chairman of the Trustee Board

## 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.

## Related profiles

- [ASC Venture Capital](https://altss.com/profile/asc-venture-capital)
- [ASEAN Fintech Group](https://altss.com/profile/asean-fintech-group)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/asda-group-pension-scheme

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