Allocation changes to the PSPS UK Equity - active Fund

Following a recent review by the Trustee, in conjunction with the Scheme’s independent investment consultant, there have been some changes made to the PSPS UK Equity – active Fund that is available to members of the DC Section of the Scheme and members of the DB Section of the Scheme who have Commercial Additional Voluntary Contributions.

The review concluded that the balance of risks within this fund could be improved by an adjustment to the allocation of the underlying funds the PSPS UK Equity – active Fund invests in.

The PSPS UK Equity – active Fund currently invests in three UK equity funds. The table below shows the changes to the allocations in the three underlying funds:


Fund name Previous allocation Revised allocation
M & G Pooled Pensions Recovery Fund 37.5% Reduce to 30%
Lindell Train UK Equity Fund37.5%Reduce to 30%
Schroders Life UK Equity Fund25%Increase to 40%

This new structure should result in a better balance of stocks and management styles within the overall PSPS UK Equity Fund.