The TWIL Group Pension Fund was established to provide pensions and other benefits to employees of Tinsley Wire Industries and the TWIL Group.
Over time it incorporated employees from other associated companies. The Fund is now sponsored by Betafence, part of the Praesidiad Group.
The Fund is closed to new entrants now but still supports the benefits of around 1250 pensioners, approximately 320 dependant members and just over 600 members due to receive a pension in the future.
The Fund is administered by Corporate Pensions Administration Limited and governed by a board of Trustees, TWIL Group Pension Trustees Ltd. The Chairman of Trustees is an independent pensions professional, and his two fellow Trustees are a former head of HR for TWIL and a former Finance Director (the latter being appointed by the Fund’s own members).
The Trustee has produced a Statement Of Investment Principles which sets out how the Fund’s assets are invested and the Trustee’s policies for the stewardship of the Fund.
You can view a copy hereEach year the Trustee sets out a statement as to how it has followed the Statement and provides updated information about voting behaviour in the year.
You can view the latest statment here
Alongside the Trustees’ investment strategy, the Company guarantee enhances the security of members’ benefits and provides a solid foundation for the future
Matt Farraker, FIA Scheme Actuary