UK pension schemes

Morgan Pension Scheme and Morgan Group Senior Staff Pension and Life Assurance Scheme

The Trustees of the above 'Schemes' are responsible for ensuring that sufficient assets are available to pay members’ and dependants’ benefits as and when they fall due in accordance with the Schemes’ Rules. In consultation with the Company, the Trustees set an investment strategy that aims to meet this objective, within a level of investment risk appropriate to the Schemes’ circumstances.

The Trustees recognise that good stewardship practices, including engagement and voting activities, are important in the preservation and enhancement of asset owner value over the long term. To this end, the Trustees ensure good stewardship of the Schemes, encouraging their investment managers to adopt transparent monitoring practices and engagement with issuers of debt or equity on relevant matters such as performance, risks or conflicts of interest and environmental, social or governance considerations. The Trustees monitor this activity and also the voting records of their managers.