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KBR (UK) Limited Pension Plan
KBR established its UK operations in 1998. The pension plan exists to serve employees of KBR (UK) Limited. Dougal Monk serves as chair of its board of...
KBR (UK) Limited Pension Plan
KBR established its UK operations in 1998. The pension plan exists to serve employees of KBR (UK) Limited. Dougal Monk serves as chair of its board of trustees. The plan allocates across real estate investment trusts and a segregated LDI portfolio managed by LGIM to hedge interest rate and inflation exposure. It also holds an insurer-friendly credit book of matching-adjustment eligible bonds. Geographic exposure centers on the United Kingdom with additional real estate positions in the United States. Confirmed holdings include Prologis Inc. and Public Storage. The plan reported adherence to the UK Stewardship Code and published its first TCFD report in 2022. It maintains a private markets allocation through an operating business vehicle. In May 2024 the plan participated in the parent company's annual stockholder meeting. Governance flows through a board of trustees that delegates day-to-day management to LGIM under a 2023 mandate. The structure separates the plan from the sponsoring employer while retaining buyout optionality with Legal & General Retirement Institutional.
General information
Firm type
Pension Fund
Year founded
1998
Location
Region
Europe
Country
United Kingdom
City
Houston
Corporate office
601 Jefferson Street
Principals
Dougal Monk
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at KBR (UK) Limited Pension Plan?
Dougal Monk chairs the board of trustees. Day-to-day fiduciary management is delegated to Legal & General Investment Management under a mandate that began in 2023.
Does the plan participate in fund commitments or only direct deals?
The plan holds a private markets allocation as a limited partner and maintains segregated portfolios in real estate and credit rather than committing to external funds.
What asset classes does the plan currently hold?
Holdings include logistics and self-storage REITs, a liability-driven investment portfolio, and a bespoke credit book of matching-adjustment eligible bonds.
How is the plan related to KBR (UK) Limited?
KBR (UK) Limited is the sponsoring employer. The plan operates separately under its own board of trustees.
Which service providers support the plan?
LGIM acts as fiduciary manager, Legal & General Retirement Institutional serves as buyout advisor, Aptia OneView provides administration, ISS and IVIS handle voting, and KPMG is auditor.
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