# Electronic Data Systems Legacy Schemes (EDS)

Electronic Data Systems Legacy Schemes (EDS) is a Pension Fund based in Bracknell, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bracknell, United Kingdom
- **Region:** Europe
- **Address:** Bracknell, United Kingdom
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** https://eds.com
- **LinkedIn:** https://www.linkedin.com/company/electronic-data-systems

## Regulatory record

- **Reports private funds:** No

## About

The Electronic Data Systems Legacy Schemes are the surviving UK and US defined-benefit pension obligations of Electronic Data Systems, the IT services pioneer founded by Ross Perot in 1962. After HP acquired EDS in 2008, and subsequent corporate splits created DXC Technology and HP Inc., the pension liabilities were carved into separate legacy vehicles. The UK arm, centered on the EDS 1994 Pension Scheme and governed by a trustee board chaired by Ian Wilson, operates from Bracknell. DXC Technology serves as the sponsoring employer for the UK schemes; HP Inc. sponsors the residual US plans. These are closed, mature defined-benefit plans that no longer accrue new benefits. The investment posture is not about growth but about matching liabilities to a declining beneficiary base. The UK schemes have pursued a classic derisking path: they hold a bulk annuity insurance contract with Pension Insurance Corporation (PIC), which covers a material portion of the liabilities, and they manage a direct portfolio of UK commercial property. On the US side, a group annuity contract with Prudential (now administered by Empower) serves a similar derisking function. The remaining asset pool is modest by institutional standards, with no disclosed allocation to private equity, venture capital, or hedge funds in public filings. Trustee governance sits with a board chaired by Ian Wilson. The trustees and their advisors participate in the Pensions and Lifetime Savings Association (PLSA), the UK industry body for workplace pension schemes. The most significant operational event in the current cycle is the ongoing wind-down of the US group annuity book as Prudential/Empower administers the residual payments, while the UK trustees continue to manage the direct property portfolio and monitor the PIC bulk-annuity covenant. The structural differentiator is what the schemes are not: there is no active allocation team chasing private-market returns, no co-investment program, and no open fund commitments. The architecture is a pure liability-hedging engine — a closed defined-benefit plan in terminal runoff that has transferred the bulk of its longevity and investment risk to insurers. What remains is a governance structure focused on covenant monitoring, residual asset management, and eventual wind-up, a posture that places these vehicles closer to a legacy insurance book than to an actively deployed pension fund.

## People

- Ian Wilson — Chair of the Trustee Board, EDS 1994 Pension Scheme

## Questions

### What is the relationship between the EDS schemes and DXC Technology or HP Inc.?

DXC Technology is the sponsoring employer for the UK legacy schemes, including the EDS 1994 Pension Scheme. HP Inc. sponsors the residual US legacy plans. Both relationships stem from the acquisition and subsequent breakup of Electronic Data Systems: HP bought EDS in 2008, then split into HP Inc. and Hewlett Packard Enterprise in 2015, with HPE later spinning off its enterprise services business to create DXC Technology in 2017. The pension obligations were allocated along the corporate carve-up, leaving the UK schemes linked to DXC and the US schemes to HP Inc.

### Are the EDS schemes still open to new members?

No. The EDS Legacy Schemes are closed to new entrants and no longer accrue new benefits. They represent the residual defined-benefit obligations of the pre-acquisition EDS workforce. Both the UK and US plans are in runoff, with the focus entirely on paying existing beneficiaries and managing the remaining asset pool until wind-up.

### Who founded Electronic Data Systems, and what is the connection to the pension schemes?

Ross Perot founded Electronic Data Systems in 1962, building it into one of the largest IT services companies in the world before its sale to General Motors in 1984 and subsequent acquisition by HP in 2008. The EDS Legacy Schemes are the surviving defined-benefit pension obligations that EDS established for its workforce during its operating years. Perot himself has no ongoing role in the schemes; the governance falls to trustee boards sponsored by the corporate successors, DXC Technology and HP Inc.

## Related profiles

- [Electrolux Group Pension Scheme (UK)](https://altss.com/profile/electrolux-group-pension-scheme-uk)
- [Elemaster Group](https://altss.com/profile/elemaster-group)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/electronic-data-systems-legacy-schemes-eds

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology