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Honda Group UK Pension Scheme
Honda Group UK Pension Scheme is a defined benefit scheme offering pension services to eligible employees. It serves the PE - Biotech / life science sector.
Overview
Honda Group UK Pension Scheme is a defined benefit scheme offering pension services to eligible employees. It serves the PE - Biotech / life science sector.
General information
Firm type
Corporate Pension Plan
Year founded
2010
Location
Region
Europe
Country
United Kingdom
City
Bristol
Corporate office
Bristol, United Kingdom
Principals
Ray Runza
Chair of the Trustee Board
Sector focus
Frequently asked questions
What is the relationship between the pension scheme and Honda Motor Europe?
Honda Motor Europe Limited is the sponsoring employer, legally responsible for backing the pension promises made to Honda’s UK workforce. The scheme itself, however, is governed by an independent Trustee Board chaired by Ray Runza, which acts in the interests of plan members, not the corporate sponsor.
Is the Honda Group UK Pension Scheme still open to new members or accruals?
All available evidence points to a closed scheme. The advanced stage of de-risking — including a large bulk annuity transaction and an LDI overlay — is the signature of a pension fund that has ceased accruing new service and is now managing legacy liabilities toward eventual wind-up.
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