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A.S. Watson (Health & Beauty UK) Pension Plan

For any members who hold a Defined Benefit (DB) pension in the A.S. (Health & Beauty UK) Watson Pension Plan (administered by Barnett Waddingham), please find a Questions & Answers document.

For any members who held a Defined Contribution (DC) pension in the A.S. Watson (Health & Beauty UK) Pension Plan (administered by Barnett Waddingham), their DC Benefits were transferred to the Aviva Master Trust in November 2020. The Questions & Answers document provides some assistance if required. DC members can also view here a report on the transition of the DC Section to the Aviva Master Trust.

The Trustee has ultimate responsibility for the investments of the Plan’s DB assets and is required, under legislation, to prepare and review regularly a Statement of Investment Principles ("SIP"). This Statement, which can be viewed here, sets out the principles governing decisions about the investment of Plan assets. An Implementation Statement, which can be viewed here, explains how the Trustee has followed and acted on the investment policies outlined in the SIP over the year to 31st March 2024.