The GIVAUDAN UK Pension Plan has been assessed and found to comply with the governance standards introduced under the Occupational Pension Schemes (Charges and Governance) Regulations 2008. The DC Section of the Plan, managed by Legal & General L&G, and the AVC arrangements, managed by L&G, Clerical Medical and Equitable Life, have been found to meet the requirements of Practice 13 and regulatory guidance for DC schemes. The Trustees have been working through any areas where further improvement may be required, and a decision was made in Q2 2020 to move the DC Section to a master trust.
