# IBM United Kingdom Pensions Trust Limited

IBM United Kingdom Pensions Trust Limited is a Pension Fund based in Winchester, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Winchester, United Kingdom
- **Region:** Europe
- **Address:** Building D West, Ground Floor IBM Hursley Office, Hursley Park Road, Winchester, SO21 2JN, United Kingdom
- **Founded:** 1957
- **Assets under management:** Undisclosed
- **Website:** www.smartpensionsuk.co.uk
- **LinkedIn:** linkedin.com/company/ibm-united-kingdom-pensions-trust-limited

## Regulatory record

- **Reports private funds:** No

## About

The trust was established in 1957 to deliver retirement income to IBM UK staff and their dependents. It operates under a corporate trustee structure with independent professional trustee services supplied by The Law Debenture Pension Trust Corporation Plc. Investment holdings include commitments to ASF VI L.P. and HIPEP VII (AIF) Partnership Fund L.P. for private equity exposure, plus a global real estate equity fund managed by Legal & General Investment Management. Domestic UK property is held directly. The plan also maintains listed equity index funds, index-linked gilts, and residual reinsurance exposure. Geographic reach covers the United Kingdom and global markets through pooled vehicles. Service providers include XPS Pensions Group for administration, Willis Towers Watson as scheme actuary, PricewaterhouseCoopers as auditor, and The Northern Trust Company as custodian. The trust publishes annual TCFD reports that integrate climate risk assessments into investment decisions. The plan maintains a payroll giving arrangement through CAF Give As You Earn that channels member donations to UK charities.

## Sectors

- Diversified
- Financial Services

## Questions

### Who sponsors the IBM United Kingdom Pensions Trust Limited?

IBM United Kingdom Holdings Limited acts as the sponsoring employer of the pension plan.

### What asset classes appear in the trust's reported holdings?

Reported holdings include private equity funds, UK domestic property, global real estate equity, index-linked gilts, and a bulk annuity policy.

### What de-risking actions has the trust taken?

The trust entered a bulk annuity policy with Rothesay Life and retains residual reinsurance exposure to reduce longevity and investment risk.

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

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