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Booker Pension Scheme
The Booker Pension Scheme functions as a corporate defined benefit plan. Booker Limited acts as the principal employer and sponsoring entity.
Booker Pension Scheme
The Booker Pension Scheme functions as a corporate defined benefit plan. Booker Limited acts as the principal employer and sponsoring entity. Tesco PLC acquired Booker Group in 2018 and supplies the ultimate financial backing. Assets total $546 million. The matching portfolio of $453 million invests in fixed income to hedge interest rate and inflation risk. The growth portfolio of $93 million holds equities and other assets through Mercer funds including the Multi-Asset Credit Fund, Diversified Growth Fund and Sustainable Global Equity Fund. All investments sit inside the United Kingdom and global pooled vehicles. Mercer Limited has served as investment advisor and fiduciary manager since 2015. State Street Custodial Services (Ireland) Limited provides custody. Clifford Chance LLP has acted as legal counsel since 2018. The scheme maintains membership in the Diversity Project through Mercer. Board meetings occurred in September 2024 and December 2024. Topics included the annual Implementation Statement and the impact of political changes on D&I initiatives.
General information
Firm type
Pension Fund
Year founded
2010
Location
Region
Europe
Country
United Kingdom
City
Wellingborough
Principals
Alan Denzil Boaler
Director
Frequently asked questions
Who sponsors the Booker Pension Scheme?
Booker Limited serves as the principal employer. Tesco PLC provides ultimate backing after its 2018 acquisition of Booker Group.
How are assets allocated within the Booker Pension Scheme?
A $453 million matching portfolio holds fixed income. A $93 million growth portfolio holds equities through Mercer pooled funds.
Which service providers support the Booker Pension Scheme?
Mercer Limited acts as investment advisor and fiduciary manager. State Street provides custody. Clifford Chance provides legal counsel.
What recent governance activity has the Booker Pension Scheme undertaken?
The board met in September 2024 and December 2024 to review the Implementation Statement and discuss D&I and sustainability topics.
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