UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2024
STATEMENT REGARDING DC GOVERNANCE
The SW Aquila 50/50 Global Equity Index CS1 Fund invests primarily in equities, both in the UK and overseas markets. The fund has approximately 50% invested in UK company shares. The remaining 50% is split equally between investments in US, Europe (excluding the UK) and Far East companies. The fund aims to provide returns consistent with the markets in which it invests and provides broad exposure to countries around the world. The SW Mercer Diversified Growth Fund invests in a broad range of asset classes with a focus on passively managed instruments, the aim of which is to outperform cash by 3.5% over the long-term with reduced volatility when compared to global equity markets.
Sterling Liquidity CSW Fund in accordance with the following table:
Prior to Selected Retirement Age
SW Aquila 50/50 Global Equity Index CS1
SW Mercer Diversified Growth Fund CS1
SW BlackRock Sterling Liquidity CSW
%
%
%
More than 10 years
75 75 65 55 45 35 25 15
25 25 35 45 55 55 50 45 40 30 15
0 0 0 0 0
10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 year
10 25 40 55 70 85
5 0 0 0
Less than 1 year
0
100
The SW BlackRock Sterling Liquidity CSW Fund is a money market fund, which aims to achieve an investment return in line with the Bank of England Sterling Overnight Index Average.
without excessive risk taking, and with an increased focus over the final ten years of reducing volatility to enable members approaching retirement to make financial plans for the period after retirement. The Trustee considers this approach to be in the best interests of relevant members and beneficiaries.
Asset Allocation
We have provided further details in the table below of the underlying asset allocation of the Lifestyle Investment Option. We have provided this information in line with statutory guidance.
Within the Lifestyle Investment Option, the underlying assets change over time. Asset allocations are shown for members aged 25, 45, 55 and 1 day before retirement age, all assuming retirement at age 65.
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