ROCKWOOL Limited Pension Scheme

The Rockwool Limited Pension Scheme (“the Scheme”) was established to provide pension and other benefits to members upon their retirement or ill health and/or to their dependants on death before or after retirement. 

The Scheme closed to future accrual with effect from 15 July 2010.

A Statement of Investment Principles (SIP) is a regulatory requirement and is a clear statement of how the Trustee will manage the Scheme’s investments. The SIP details the key roles and responsibilities of the Trustee to ensure good member outcomes and value for money and details the Trustee’s approach to various aspects of its investment strategy, including:

• the basis on which the Scheme’s assets are invested, including how investment decisions are made, the Trustee’s policy regarding the exercise of voting rights and how it engages with its investment managers;
• the Trustee’s arrangements with its asset managers, including how it incentivises those managers to align their strategy and decisions with the Trustee’s policy;
• how financially material considerations are taken into account and the extent to which non-financial matters are considered in the selection, retention and realisation of investments; and
• the Trustee’s stewardship policy, which includes the Trustee’s approach to strategy, conflicts of interests, risks, corporate governance and Environmental, Social and Governance requirements (known as “ESG”), .

The SIP is reviewed by the Trustee at least every three years or after any significant change in the investment approach. It has to be made publicly available and is available here: