Pension Scheme of the Year Awards 2016 - The Winners

clock • 5 min read

Here it is - the complete list of winners for this year's Pension Scheme of the Year Awards.

The winners of this year's awards were announced at a reception at London's Grange Holborn Sky Bar last night.

The DC section of the BASF UK Group Pension Scheme picked up the overall Pension Scheme of the Year award and Ruston Smith - group people, pensions and insurable risk director at Tesco - won the Pensions Manager / Trustee of the Year accolade.

There were a total of 22 categories in this year's awards, which were judged by a panel of 8 judges.

All the winners will now be invited to an exclusive winners' dinner, to be held at the May Fair hotel in London on 22 September.

For further information about the awards, please visit: www.pensionschemeawards.com

The full list of winners and finalists is:


Pension Scheme of the Year

Winner: BASF UK Group Pension Scheme - DC Section


Pensions Manager / Trustee of the Year

Winner: Ruston Smith, group people, pensions and insurable risk director at Tesco

Finalists:
Anne Harris, UK pensions manager at Scottish Power
Duncan Mears, pension trustee at the Accenture Retirement Savings Plan
Jane Healy, pensions manager and scheme secretary at DP World
Ruston Smith, group people, pensions and insurable risk director at Tesco
Sukhjit Dhillon, pensions officer at London United


DC Scheme of the Year (for companies with 5,000 and more staff)

Winner: Tesco Retirement Savings Plan

Highly Commended:
Legal & General Employee Pension Plan
Thomson Reuters UK Retirement Plan

Finalists:
Legal & General Employee Pension Plan
Tesco Retirement Savings Plan
Thomson Reuters UK Retirement Plan


DC Scheme of the Year (for firms with under 5,000 staff)

Winner: BASF UK Group Pension Scheme - DC Section

Finalists:
BASF UK Group Pension Scheme - DC Section
Merck Group Retirement Savings Plan
The RIBA Pension


DB Scheme of the Year (asset value of over £2.5bn)

Winner: Royal Mail Pension Plan

Highly Commended: Railways Pension Scheme

Finalists:
Essex Pension Fund
ICI Pension Fund
Lothian Pension Fund
North East Scotland Pension Fund
Railways Pension Scheme
Royal Mail Pension Plan
Strathclyde Pension Fund


DB Scheme of the Year (asset value of over £500m-£2.5bn)

Winner: Eli Lilly Group Pension Plan

Finalists:
Dyfed Pension Fund
Eli Lilly Group Pension Plan
Greater Gwent (Torfaen) Pension Fund
Lothian Buses Pension Fund
P&O Pension Scheme


DB Scheme of the Year (asset value of up to £500m)

Winner: Weetabix Group Pension Scheme

Finalists:
Federated Pension Plan
Germinal Holdings Limited Retirement and Death Benefits Plan
Macmillan Cancer Support Pension Scheme
Weetabix Group Pension Scheme


Public Sector Scheme of the Year

Winner: Strathclyde Pension Fund

Highly Commended: Norfolk Pension Fund

Finalists:
Lancashire County Pension Fund
Lothian Pension Fund
Norfolk Pension Fund
North East Scotland Pension Fund
Strathclyde Pension Fund
Surrey Pension Fund
West Yorkshire Pension Fund


Best Member Initiative

Winner: DMGT PensionSaver & Harmsworth Pension Scheme


Highly Commended: Tesco Retirement Savings Plan

Finalists:
DMGT PensionSaver & Harmsworth Pension Scheme
Iberdrola Group (UK) Stakeholder Pension Plan
Tesco Retirement Savings Plan
Thomson Reuters UK Retirement Plan


Best Financial Education Initiative

Winner: Harmsworth Pension Scheme

Highly Commended: Ford Motor Company DB Pension Plans

Finalists:
Ford Motor Company DB Pension Plans
Harmsworth Pension Scheme


Best DC Scheme Innovation

Winner: Merchant Navy Officers Pension Fund

Finalists:
Merchant Navy Officers Pension Fund
Nationwide Group Personal Pension
Tesco Retirement Savings Plan
Thomson Reuters UK Retirement Plan


Best DB Scheme Innovation

Winner: Weetabix Group Pension Scheme

Finalists:
Bank of England Pension Fund
Federated Pension Plan
Lothian Pension Fund
National LGPS Frameworks
Royal Mail Pension Plan
Weetabix Group Pension Scheme
West Yorkshire Pension Fund


Best DC Investment Strategy

Winner: Tesco Retirement Savings Plan

Finalists:
DMGT PensionSaver Plan
Tesco Retirement Savings Plan


Best DB Investment Strategy

Winner: Merchant Navy Officers Pension Fund

Finalists:
Lothian Pension Fund
Merchant Navy Officers Pension Fund
Railways Pension Scheme
Royal Mail Pension Plan
Santander UK Group Pension Scheme
Strathclyde Pension Fund
The Pensions Trust


Best Use of Alternatives

Winner: Harmsworth Pension Scheme

Highly Commended: Tesco Pension Scheme

Finalists:
Harmsworth Pension Scheme
Merchant Navy Officers Pension Fund
Merseyside Pension Fund
Nationwide Building Society Pension Fund
Santander UK Group Pension Scheme
Strathclyde Pension Fund
Tesco Pension Scheme


Best DC Communication Strategy

Winner: Nationwide Group Personal Pension

Highly Commended: Accenture Retirement Savings Plan

Finalists:
Accenture Retirement Savings Plan
IHG UK Defined Contribution Pension Plan
Nationwide Group Personal Pension
Schneider Electric DC Trust
Telefónica UK Pension Plan
Tesco Retirement Savings Plan


DB Communications (private sector)

Winner: Royal Mail Pension Plan

Finalists:
Ford Motor Company DB Pension Plans
P&O Pension Scheme
Railways Pension Scheme
Royal Mail Pension Plan
Superannuation Arrangements of the University of London (SAUL)
Tesco Pension Scheme
Tfl Pension Fund


DB Communications (public sector)

Winner: Lothian Pension Fund

Finalists:
Dyfed Pension Fund
Environment Agency Pension Fund
Greater Gwent (Torfaen) Pension Fund
Lothian Pension Fund
Norfolk Pension Fund
Strathclyde Pension Fund
West Yorkshire Pension Fund


Trustee Development Awards

Winner: Tesco Pension Scheme

Finalists:
LGSS Pensions Service
London Borough of Newham
Tesco Pension Scheme
West Midlands Pension Fund
West Yorkshire Pension Fund


Best Use of IT and Technology

Winner: West Yorkshire Pension Fund

Finalists:
Avon Pension Fund
Ford Motor Company DB Pension Plans
Greater Gwent (Torfaen) Pension Fund
Iberdrola Group (UK) Stakeholder Pension Plan
North East Scotland Pension Fund
Telefónica UK Pension Plan
West Yorkshire Pension Fund


Best Administration

Winner: Royal Mail Statutory Pension Scheme/Royal Mail Pension Plan

Finalists:
Lothian Pension Fund
Nationwide Pension Fund and Nationwide Group Personal Pension
Norfolk Pension Fund
Royal Mail Statutory Pension Scheme/Royal Mail Pension Plan
TfL Pension Fund
The Pensions Trust
The Uniq plc Pension Scheme (formerly the Unigate Group Pension Scheme)


Best Use of Risk Reduction Strategies

Winner: ICI Pension Fund

Finalists:
AXA UK Group Pension Scheme
ICI Pension Fund
Kingfisher Pension Scheme
Merchant Navy Officers Pension Fund
Roche Pension Fund
Superannuation Arrangements of the University of London (SAUL)
West Midlands Pension Fund

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