The Givaudan UK Pension Plan's annual Implementation Statement for the year ended 31 March 2021 outlines how the plan's policies and objectives have been adhered to over the course of the plan year. The statement is required under the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations. The plan has two SIPs, one for DB (and AVC) benefits and one for the DC section, which were reviewed and updated during the plan year with revised versions published as at September 2020, December 2020, January 2021, and February 2021. The changes in September 2020 reflected regulatory requirements with financial materiality implications.
