BUPA Pension Scheme

BUPA Pension Scheme

BUPA was established in 1947 as a UK health insurance provider. The pension scheme serves as its employee retirement vehicle with trustees led by Martin Potkins. The scheme holds a diversified portfolio of pooled investment funds at 34 percent, corporate bonds at 31 percent, loans at 14 percent, cash and other assets at 20 percent, and government bonds at 4 percent. It engages managers including Willis Towers Watson for delegated oversight, Legal & General Investment Management for credit, BlackRock for LDI, and Rivage for infrastructure exposure in Europe. Holdings include positions in the Prudential With-Profits Fund and Utmost Money Market Fund through the DC section. The scheme maintains membership in the Pensions and Lifetime Savings Association and the Investment Consultants Sustainability Working Group. Bupa Foundation, established in 1979, operates as the group's separate medical research charity with annual giving near $4.5 million. The pension arrangement is sponsored by Bupa Finance plc, which provides an irrevocable guarantee to the trustee, creating a direct link between the operating company's credit and scheme funding.