EDFG is a hybrid pension scheme providing both Defined Benefit (DB) and Defined Contribution (DC) benefits.  It is governed by UK pensions law and pensions regulatory framework.  These regulations mean that the Group needs to disclose certain information. 

Members have access to:

• the Annual Actuarial Report giving you information about the funding position of the Group. Summary details can be found in the Member Update, which is found in 'News' and the Annual Actuarial Report can be found on My Work Pension.
• the Actuary’s Certificate to the Schedule of Contributions that sets out the contributions the Group needs from the Company and members can be found within the Annual Accounts available on My Work Pension.
• the Statement of Investment Principles (SIP) that sets out the investment strategy and aims that the Trustee and the Company have agreed for the Group and can be found in the document library.
• the Implementation Statement that sets out the Trustee's annual assessment of the implementation of the SIP and can be found in the document library.
• the Chair's Statement that sets out the Trustee's assessment of the value for money for members for any Defined Contribution (DC) investments and can be found in the document library.
• the Taskforce on Climate-Related Financial Disclosures (TCFD) report that sets out the Trustee's approach to climate-related risks and can be found in the document library.

Responsible investment

The Trustee Directors regularly review their approach to Environmental, Social and Governance (ESG). More information on both DB and DC investments and the Trustee Directors’ approach to ESG considerations can be found in the Taskforce on Climate-Related Financial Disclosures (TCFD) report and the Statement of Investment Principles (SIP) within the document library.

The Trustee Directors have also undertaken a number of activities including a Responsible Investment Total Evaluation (RITE) assessment, which looks at how well the Group is integrating ESG considerations into its DC investments. 

Other activities include:

• Appointing an ESG focussed manager for DB equity investments and switching existing strategies into equivalent strategies with a clear ESG focus.
• Confirming that all DB investment managers are signatories of the UK Stewardship Code and engage regularly with companies in line with their stewardship priorities
• Confirming that the delegated DC manager works solely with investment managers who are signatories of the UK Stewardship Code and engages regularly with investment managers and companies in line with their stewardship priorities.
• Adding two further sustainable funds to the suite of DC investment funds available to members.

More information is available on My Work Pension, including the full list of DC investments and the fund fact sheets.