# Sanofi-Aventis UK Pension Scheme

Sanofi-Aventis UK Pension Scheme is a Pension Fund based in Reading, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Reading, United Kingdom
- **Region:** Europe
- **Address:** 410 Thames Valley Park Drive, Reading, Berkshire, RG6 1PT, United Kingdom
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** www.sanofi.co.uk

## Regulatory record

- **Reports private funds:** No

## About

The scheme was established in 1998 to provide retirement benefits to UK employees of the Sanofi pharmaceutical group. Its sponsoring employer is Aventis Pharma Limited, a wholly owned subsidiary of the French multinational Sanofi SA. The scheme is managed by Sanofi-Aventis Pensions Trust Limited, a corporate trustee incorporated that same year. The scheme's investment strategy has pivoted decisively toward liability matching. Rather than maintaining an actively managed portfolio of equities and credit, the trustee executed a buy-in with Legal & General, covering all member benefits. This annuitisation approach eliminates longevity, interest-rate, and inflation risk from the scheme's balance sheet, converting the pension promise into a series of insurance policies. Trustee governance rests with a board that includes Dan Parr and Gordon Tillett, the latter appointed in October 2025. Pratul Shah resigned as Company Trustee Director in September 2025. The scheme maintains a lean operating structure, with no disclosed direct investment team, consistent with a fully insured pension that requires no ongoing asset allocation or manager selection. The scheme's structural differentiator is its end-state posture. Unlike open corporate pensions continuously calibrating growth assets against liabilities, the Sanofi-Aventis UK Pension Scheme has completed its de-risking journey. It now functions as an insured arrangement where the sponsor's obligation runs to the premium, not to the investment outcome — a rare fully closed loop in UK defined-benefit pensions.

## Offices

- Cambridge, United Kingdom

## People

- Dan Parr — Member Nominated Trustee Director
- Gordon Tillett — Trustee Director
- Pratul Shah — Former Company Trustee Director (resigned September 2025)

## Questions

### What is the current funding status of the Sanofi-Aventis UK Pension Scheme?

The scheme has secured benefits for all members through buy-in annuity policies with Legal & General. This structure eliminates funding-level volatility and means the scheme no longer carries material investment or longevity risk on its balance sheet.

### Who acts as the sponsoring employer for the scheme?

The sponsoring employer is Aventis Pharma Limited, a UK-incorporated subsidiary of the French pharmaceutical group Sanofi SA. The scheme covers former and current employees of Sanofi's UK operations.

### How is the trustee board structured?

The scheme is managed by Sanofi-Aventis Pensions Trust Limited, a corporate trustee. The board includes member-nominated and company-appointed directors. As of early 2026, named directors include Dan Parr and Gordon Tillett.

## Related profiles

- [Sanno Capital](https://altss.com/profile/sanno-capital)
- [Sanofi Ventures](https://altss.com/profile/sanofi-ventures)

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

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