About the scheme

About the scheme

The Santander (UK) Group Pension Scheme looks after the DB benefits you’ve built up whilst working. It’s managed by a Board of Trustees which is made up of representatives that were appointed by the Company and nominated by the members.

The Scheme is made of seven different sections depending on when you joined the Company:

Santander (UK) Pension Scheme

A&L Section

(formerly the Alliance & Leicester Pension Scheme)

Associated Section

(formerly the Abbey
National (Associated Bodies) Pension Fund)

Group Section

(formerly the Abbey National Group Pension Scheme)

SMA Section

(formerly the Scottish
Mutual Assurance plc Staff Pension Scheme)

SPI Section

(formerly the Scottish Provident Institution Staff Pension Fund)

N&P Section

(formerly the National & Provincial Building Society Pension Fund)

Amalgamated Section

(formerly the Abbey National Amalgamated Pension Fund)

Scheme documents

Implementation Statement

Each year the trustee of the Santander (UK) Group Pension Scheme (the “Scheme”) is required to produce a statement to set out how, and the extent to which, the Trustee has followed the voting and engagement policies in its Statement of Investment Principles (“SIP”) during the Scheme Year. Please find the 2020/2021 Implementation Statement below:

Statement of Investment Principles

Under Regulations 1 and 5(4) of the Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018, there is an obligation to publish the Schemes Statement of Investment Principles. You can download a copy of the document below:

Responsible Investment Policy

This Policy supplements the Santander (UK) Group Pension Scheme’s Statement of Investment Principles and covers the Trustees’ approach to responsible investment and the matters required under Regulations 2(3)(b)(vi)-(vii) and 2(3)(c) of the Occupational Pension Schemes (Investment) Regulations 2005 (the Investment Regulations).

Get in touch

For further help and
information contact the
Scheme’s Administrator Mercer

SPU@mercer.com
01689 887500

Mercer, Post Handling Centre,
St James’s Tower,
7 Charlotte Street,
Manchester
M1 4DZ

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