The Ferguson Seacabs Ltd Pension Plan (the "Plan")

Trustee Chair Annual Statement regarding governance of defined contribution benefits September 2021

Introduction

This statement has been prepared by the Scheme's Trustee and reports on how during the Scheme Year it complied with the governance standards introduced by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 and as amended by The Occupational Pension Schemes (Scheme Administration) Regulations 1996 (as amended) (the "Regulations").

The governance standards relate to defined contribution ("DC") benefits, also commonly referred to as money purchase benefits. The Scheme provides benefits on a DC basis only.

The Trustee of the Plan is OEG Offshore UK Limited (formerly known as Hoover Ferguson UK Limited). John Miller Heiton is the Chair of Trustees. He has replaced Gary Wilson.

This statement covers the period from 1 April 2020 to 31 March 2021.

Download the Ferguson Seacabs Pension Statement here signed by the Chair of Trustees.