Hess UK Pension Plan - PRAG

Who’s Who
The Trustees
The Trustees of the Plan during 2009
were:
Date of Appointment
J A Carley (MNT) 1 February 2007
E S Fishman 1 September 2008
L P Latham 1 April 2008
D G Lutterbach 1 March 2006
N B McKim (MNT) 1 January 2009
A E Newman (MNT) 1 February 2007
(resigned 1 December 2009)
A Parmenter (MNT) 1 January 2009
D M Peirson-Smith 1 November 2009
B J Sykes 20 November 2003
R E Thompson 20 November 2003
(resigned 1 November 2009)
The Member Nominated Trustees
(“MNTs”) at the end of 2009 were J A
Carley, N B McKim and A Parmenter.
Apart from reimbursement of expenses,
the Trustees do not receive any
remuneration for their work on the Plan.
Professional advisers
The Trustees retain professional
advisers to help them run the Plan.
They are as follows:
Administrator and actuary
Bluefin
9 Greyfriars Road, Reading,
Berkshire RG1 1NU
Handle the administration of the
Plan, e.g. transfers-in/out, benefit
calculations. Carry out annual actuarial
valuations to check the Plan has
sufficient assets to meet the costs of
the benefits and to advise on the level
of contributions which HSUKL needs to
pay. Provide specialist advice on all
pension matters.
Solicitor
Farrer & Co.
66 Lincoln’s Inn Fields,
London WC2A 3LH
Provide specialist advice and
assist with the legal requirements/
documentation of the Plan,
e.g. Trust Deed and Rules.
AVC provider
Skandia Life Assurance Company
Limited
Skandia House, Portland Terrace,
Southampton SO14 7EJ
Operate the in-house AVC facility and
invest the AVCs paid by members in a
range of managed funds.
Accountant
Kelvin Archer Limited
Cob Suite, Old Swan House,
29 High Street, Hemel Hempstead,
Herts HP1 3AA
Prepare annual accounts of the Plan.
Auditor
Ernst & Young LLP
Apex Plaza, Reading, Berkshire
RG1 1YE
Carry out the annual audit of the Plan
and ensure the accounts comply with
statutory requirements.
Investment consultant
Cambridge Associates Limited
Cardinal Place, 80 Victoria Street,
London SW1E 5JL
Advise the Trustees on investment
strategy and investment manager
selection/monitoring; provide regular
analyses of investment performance.
Further information
Please contact:
Trustees of the Hess UK Pension Plan,
c/o Hess Services UK Limited,
The Adelphi Building,
1-11 John Adam Street,
London WC2N 6AG
or by email to:
PensionPlan@hess.com
18 Trustees’ Report 2010