2018 Defined Contribution Pension Governance Statement
The Trustees of the Ashtead Group plc Retirement Benefits Plan (“the Plan”) are required to produce an Annual Statement Regarding Defined Contribution (“DC”) Governance.
While the Plan is a defined benefit pension plan and the vast majority of members and benefits accrued are on a defined benefit basis, there are a small number of members who have DC benefits, either because they left the Plan with less than 2 years’ service at a time when the Plan was contracted out of the State Second Pension on a Protected Rights basis, or because they have made Additional Voluntary Contributions in the past.
In accordance with the requirements of the Pensions Regulator, a copy of that governance statement is reproduced here for information. This governance statement relates only to DC benefits within the Plan and not to any other pension benefits or plans.