Search results

Diageo pension scheme to plug £860m deficit with whisky

2010-07-01T13:31:00Z

UK/IRELAND – Drinks giant Diageo has announced its UK pension fund will tackle a £862m (€929m) deficit by investing in maturing whisky.

Diageo uses escrow funds to plug pensions deficit

2009-08-28T15:00:00Z

[16:00 CEST 28-08] UK – Diageo, the drinks giant, is transferring money set aside in an escrow account into its closed defined benefit pension fund, in a bid to improve the scheme’s deficit.

Diageo keeps benefits flowing

December 2002 (Magazine)

Diageo’s £2.9bn defined benefit scheme comprises eight membership categories: three non-contributory sections (closed since 1988); two main contributory sections (Silver and Gold); and three executive sections (two contributory, one non-contributory). The scheme has a total of 70,700 members and is open to all permanent, temporary or casual employees of the ...

Diageo decides on custodian

2000-12-12T10:00:00Z

UK - The UK-based Diageo Pension Scheme has re-appointed The Bank of New York (BNY) to act as global custodian for its fund, valued at £3.6bn (e6bn)

Diageo names new director of pensions

2003-02-14T04:52:00Z

UK – Drinks company Diageo has named Michael Glasgow to replace Steve Mingle as director of pensions.

Glasgow IM ousts MLIM at Diageo

2002-11-29T04:41:00Z

UK – UK drinks company Diageo says it has appointed Glasgow Investment Mangers to run a 280 million pound (438.6 million euro) all-equity mandate, taking over from Merrill Lynch Investment Managers, though MLIM still retains a European equities mandate.

Mingle wins Diageo

March 1998 (Magazine)

Diageo takes E136m pensions charge

2003-07-09T03:37:00Z

UK – Drinks firm Diageo is to take a 95 million-pound (136.8 million euro) charge in relation to its 1.4 billion pound pension deficit.

Europe next project for Diageo

June 1999 (Magazine)

Analysis: How to navigate cyber security crisis management

2023-05-30T09:20:00Z

More than 400 pension funds using Capita’s services should check whether their scheme’s data could be affected

Diageo transfers shares to cut E1.1bn deficit

2004-10-05T04:28:00Z

UK – Drinks firm Diageo has transferred four million shares in US cereal maker General Mills to its UK pension plan to help cut the scheme’s 750 million-pound (1.1 billion-euro) deficit.

Belgacom & Diageo among IPE award winners

2001-11-29T01:54:00Z

EUROPEAN SPECIAL – Belgacom, the €3.5bn pension fund for the Belgian telecommunications group and the UK’s Diageo, the €5.2bn scheme of the global drinks firm, were heralded as the first ever European winners for Fund Structure and Administration at the inaugural IPE-Awards ceremony for pension fund excellence held in Brussels ...

Diageo profits take E132m FRS17 hit

2004-07-09T03:01:00Z

UK – Drinks group Diageo says the FRS17 pension accounting standard has led to an 88 million-pound (132 million-euro) lower operating profit.

Ireland: Auto-enrolment slips to vaguer deadline

Top 1000 Pension Funds 2024

With a general election looming, there are concerns that workplace pensions will not be a priority

Ireland: All systems go for national auto-enrolment

Top 1000 Pension Funds 2023

Irish government aims to launch auto-enrolment retirement system in 2024

UK: Labour government seeks continuity with focus on boosting domestic investment

Top 1000 Pension Funds 2024

The Department for Work and Pensions will have its work cut out as the new Labour government starts a comprehensive pensions review

KLP blacklists NOK3bn of alcohol and gambling investments

2019-05-28T14:58:00Z

NOK692bn provider cites health and social issues as it cuts 90 companies from its investment universe

Aiming to do the best the fund can has paid dividends

December 2002 (Magazine)

The hand of Myners is seen at work in the Diageo fund, according to at least one judge. “Paul Myners’ best disciple – right down to a clear 5% commitment to venture capital – this might be the shortest summary.” Graeme Robertson, UK pensions director at Diageo, expresses his satisfaction ...

Drinks giant sacks Hewitt

2007-11-26T15:58:00Z

[15:58 CET 26-11] UK – The €3.5bn pension fund sponsored by UK drinks group Diageo, producer of brands such as Guinness and Baileys, has appointed Hymans Robertson as its new investment consultant.

UK: Encouraging UK growth through consolidation

Top 1000 Pension Funds 2023

The UK government is pursuing plans to leverage pension assets to boost economic growth while generating best returns for members