The Trustees must agree a formal “Statement of Investment Principles” to ensure that the assets of the Plan are invested and managed prudently and this can be downloaded below. The Statement of Investment Principles provides guidelines for what the Trustees expect and what investment managers may and may not do. It outlines:

• The kind of investments that the Plan will hold (e.g. property, UK equities, bonds) 
• What returns are expected on various types of investment 
• The balance between different types of investments 
• The overall level of risk that may be undertaken.

The Trustees take their responsibilities as a substantial institutional shareholder very seriously. It has appointed Hermes Equity Ownership Services to monitor corporate governance issues on its behalf and a record of their activities can be downloaded below.

Downloads

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Download all files in a single zip file
2000 Plan SIP	38.29KB	28/06/2011	Download
Hermes Q1 2011 Engagement Report	190.85KB	07/06/2011	Download
Hermes Q1 2011 Voting Report	225.93KB	07/06/2011	Download
Hermes 2000 Engagement Report Q1 11	197.54KB	09/06/2011	Download
Hermes Q1 2011 Voting Report	225.93KB	09/06/2011	Download
Hermes 2000 Engagement Report Q2 11	179.67KB	06/09/2011	Download
Hermes 2000 Voting Report Q2 11	235.53KB	06/09/2011	Download
Hermes 2000 Engagement Report Q3 11	188.73KB	10/11/2011	Download
Hermes 2000 Voting Report Q3 11	244.06KB	10/11/2011	Download