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BAT FYI
Managing the Fund is a complex business and requires specialised knowledge. To make sure that your benefits are paid correctly,
money is invested well and that the Fund’s records are kept accurately, there are a number of people involved in advising,
administering and monitoring it.
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Capita Hartshead
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The Company pays towards the pensions being
built up by current employees. It also pays
additional contributions to the DB Section, where
required, to ensure the correct level of benefits can
be paid to members when they retire. Additionally
it supports and pays for the training of the Trustee
and meets the cost of running the Fund.
BAT Pensions Team
BAT has an in-house pensions team that is
responsible for the day to day management
of the Fund and supports the Trustee. Among
other things, it organises communications to the
members of the Fund and coordinates with the
administrators and advisers.
The administrators hold all membership data and are the first point
of contact for members, pensioners and beneficiaries with general
queries or personal benefit enquiries.
BAT Pensions Administration Team
Capita Hartshead
Hartshead House, 2 Cutlers Gate
Sheffield, S4 7TL
Telephone:
+44 (0)114 229 7609
Email:
The Actuary is a professional qualified expert on pension
scheme assets and liabilities (the likelihood of things
happening). Amongst other things, the Actuary is responsible
for working out how much needs to be paid into the DB Section
of the Fund to ensure that the pensions can be paid.
They audit the Fund’s financial statements to make sure the
correct amounts have been paid in, and that the statements meet
legal requirements.
The custodian holds and accounts for pension scheme assets on
behalf of the Trustee.
Zurich manages the investment platform for DC Section contributions and
DB AVCs, offering employees access to a range of funds and managers.
Investment advisers recommend investment funds to the Trustee,
and advise on strategy and risk management.
Pensions payable from the Fund are held with the Bank.
The lawyers provide advice on the Trustee’s activities and keep the
Trustee up-to-date with legal developments.
Fund Actuary
Christian Hardy of Mercer Limited
Investment advisers
Mercer Limited
Auditors
KPMG LLP
Bankers
HSBC Bank plc
Custodian Services
Bank of New York Mellon Asset Servicing
Legal advisers
Linklaters LLP
DC Investment platform manager
Zurich
