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ICI » Topics » Expected contributions

This excerpt taken from the ICI 6-K filed Mar 21, 2007.
Expected contributions
The Group expects to contribute £471m to its defined benefit pension plans in 2007, and £11m to the other post-retirement healthcare plans. The expected £471m contribution to the defined benefit pension plans includes £274m to the ICI UK Pension Fund and £110m to the ICI UK Specialty Chemicals Pension Fund.

Investment policies and strategies
ICI has established a set of best practice principles for pension fund investment so as to ensure a globally consistent approach. These principles, which have been determined and adopted by the fiduciaries of ICI’s pension funds worldwide, include guidelines in the areas of governance, risk budgeting, strategic asset allocation and benchmarks, manager structure and selection, monitoring and other investment issues (such as derivatives and self investment). The over-arching principle clearly states that strategic asset allocation should be determined through explicit consideration of each plan’s specific liability profile and funding level and not by local common practice. Furthermore, all plans must establish a strategic asset allocation benchmark, a relevant total plan performance benchmark and a process for controlling deviations from the strategic asset allocation benchmark. Pension funds are expected to invest in a diversified range of asset classes and investment managers. These assets may include derivatives up to a maximum of 10% of the individual fund unless a higher percentage is agreed after consultation with the Company. However, no self-investment is permitted. Whilst the Company expects to be consulted on these strategic (and other) matters, it recognises that final responsibility for establishing investment strategy often rests with local fiduciaries, who do not publish target allocations to asset classes.

This excerpt taken from the ICI 20-F filed Apr 1, 2005.
Expected contributions
The best estimate of amounts expected to be contributed to pension plans during 2005 is £133m.

The best estimate of amounts expected to be contributed to other post-retirement benefit plans in 2005 is £10m.

 

ICI ANNUAL REPORT AND ACCOUNTS 2004

42(a) Differences between UK and US accounting principles (continued)

This excerpt taken from the ICI 6-K filed Mar 16, 2005.
Expected contributions
The best estimate of amounts expected to be contributed to pension plans during 2005 is £133m.

The best estimate of amounts expected to be contributed to other post-retirement benefit plans in 2005 is £10m.

 

ICI ANNUAL REPORT AND ACCOUNTS 2004

Back to Contents to the Accounts

118
   ACCOUNTS
     

EXCERPTS ON THIS PAGE:

6-K
Mar 21, 2007
20-F
Apr 1, 2005
6-K
Mar 16, 2005

RELATED TOPICS for ICI:

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