# Rexam Group Pension Scheme Rexam Group Pension Scheme is a Pension Fund based in Hildenborough, United Kingdom. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Hildenborough, United Kingdom - **Region:** Europe - **Address:** Weald Court, 101-103 Tonbridge Road, Hildenborough, Tonbridge, Kent, TN11 9BF, United Kingdom - **Assets under management:** Undisclosed - **Website:** www.rexampensionplan.co.uk ## Regulatory record - **Reports private funds:** No ## About The Rexam Pension Plan is a legacy UK defined benefit scheme that ceased future accrual on 5 April 2024, a milestone that redefined the Trustee's mandate from benefit administration to liability settlement. The Plan provides pensions for over 14,000 members, with a Pensions Department of 14 professionals operating from Hildenborough, Kent. The Trustee board consists of an Independent Chair, a company-appointed Trustee, and a member-nominated Trustee — a tripartite governance model typical of UK DB schemes now focused on endgame execution. Strategic deployment culminated in a £1.4 billion full scheme buy-in with Rothesay, one of the UK's largest specialist pension insurers. This transaction, completed prior to the wind-up notice issued to members in September 2025, transfers the Plan's investment and longevity risk to Rothesay and signifies a full exit from open-market asset management. The Plan's sponsoring employer, now Ball Corporation following its 2016 acquisition of Rexam, retains a residual connection visible in the 2026 website copyright, but the buy-in essentially severs the pension liabilities from the corporate balance sheet. The Pensions Department in Kent continues to serve deferred members and pensioners during the wind-up process, which accelerated in February 2025 with a lump sum option communication to select members. The Trustee's 14-person team handles day-to-day administration, member queries, and statutory reporting, including the December 2025 Report to Members and the First Surplus Notice. The wind-up notice reaffirms that the Plan is no longer an ongoing allocator but a structure executing its final liability discharge. Structurally, the Plan represents the terminal phase of UK DB pension dynamics: an asset owner that has completed its de-risking journey and now operates purely as a benefit-paying conduit. Its governance remains with the Trustee board, but investment decisions have been fully delegated to Rothesay under the buy-in contract. There are no known adjacent vehicles, philanthropic entities, or co-investment activities — the entity is singularly focused on winding up and distributing surplus, if any, once all member benefits are secured. ## People - Independent Chair — Chair of the Trustee Board - Company Appointed Trustee — Trustee - Member Nominated Trustee — Trustee ## Questions ### What is the current status of the Rexam Pension Plan? The Plan closed to future accrual on 5 April 2024 and is now in wind-up. It completed a £1.4 billion full scheme buy-in with Rothesay, transferring all investment and longevity risks. The Trustee continues to administer benefits for over 14,000 members until the wind-up is finalized. ### Who manages the Plan's investments now? Following the buy-in, Rothesay manages the assets backing the Plan's liabilities. The Trustee no longer directs an investment strategy; its role is limited to overseeing the administration and wind-up, with the Pensions Department handling member services. ### How is the Trustee board structured? The board includes an Independent Chair, a company-appointed Trustee from the sponsoring employer (now Ball Corporation), and a member-nominated Trustee. All decisions are made collectively, focused on the wind-up and equitable treatment of members. ### Does the Plan accept new members or contributions? No. The Plan closed to future accrual on 5 April 2024. No additional benefits are being built up, and no new members can join. Current employees of Ball Corporation are directed to alternative pension arrangements. ### What is a full scheme buy-in and how does it affect members? A buy-in is an insurance contract where the Plan pays a premium to an insurer — Rothesay, in this case — which then assumes responsibility for paying member benefits. Member benefits are secured, and the Plan no longer bears investment or longevity risk. The wind-up process distributes any surplus once all liabilities are fully covered. ## Related profiles - [Rewired](https://altss.com/profile/rewired) - [Rex and Alice A. Martin Foundation](https://altss.com/profile/rex-and-alice-a-martin-foundation) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/rexam-group-pension-scheme Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology