UK Common Investment Fund 13 th Annual Alexander Hamilton Awards and - PowerPoint PPT Presentation

UK Common Investment Fund 13 th Annual Alexander Hamilton Awards and Best Practice Summit October 27-28, 2008 Project Team: Amar Duvvur David Charlot Rich Proko

Overview � Tyco: A brief history � State of pension plans in 2005 � UK pension scheme experience � UK Common Investment Fund vision � Fund structure and governance � Project benefits 2

Fund Structure & Governance Contributions Contributions Tyco Employers Tyco Employers (Subsidiaries) (Subsidiaries) Scheme Scheme UK UK Trustee Trustee Pension Pension CIF CIF Boards Boards Schemes Common Investment Fund Schemes Trustee Trustee Board Board Investment / Withdrawals Investment / Withdrawals CIF Unitization Structure Cash Bonds Equity Alternatives Inv Mgr 1 Inv Mgr 1 Inv Mgr 1 Inv Mgr 1 Custodian: Northern Trust Custodian: Northern Trust Investments Investments Investments Investments Administrator/Advisor: Buck Administrator/Advisor: Buck Inv Mgr n Inv Mgr 2 Inv Mgr 2 Inv Mgr 2 Investments Investments Investments Investments Investment Advisor: Hewitt Investment Advisor: Hewitt Inv Mgr n Inv Mgr n Inv Mgr n Counsel: Eversheds Counsel: Eversheds Investments Investments Investments 3

Project Benefits ENHANCED ENHANCED RISK RISK MGMT. MGMT. IMPROVED IMPROVED COST COST DECISION- - DECISION SAVINGS SAVINGS MAKING MAKING QUALITY OF KEY CORPORATE QUALITY OF KEY CORPORATE PROJECT PROJECT SERVICES SERVICES BENEFITS BENEFITS BENEFITS BENEFITS PARTNERING PARTNERING SUPERIOR ENHANCED SUPERIOR ENHANCED INVESTMENTS COMPLIANCE INVESTMENTS COMPLIANCE COMMON COMMON STANDARDS STANDARDS 4