Implementation Statement

The Department for Work and Pensions (‘DWP’) is increasing regulation to improve
disclosure of financially material risks. This regulatory change recognises
Environmental, Social and Governance (ESG) factors as financially material and
schemes need to consider how these factors are managed as part of their fiduciary
duty. The regulatory changes require that schemes detail their policies in their
statement of investment principles (SIP) and demonstrate adherence to these
policies in an implementation report.

Below is the 2022 Implementation report for the STMicroelectronics (Bristol) Retirement
Benefit Scheme.

2022 Implementation report

Town Hall Meeting 2022

STMicroelectronics(Bristol) Retirement Benefit Scheme

Town Hall Meeting:  23 November 2022; 17:30 to 19:30​

We would like to invite members of the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) to attend a virtual 2022 Town Hall meeting.

The Trustee will be taking the opportunity to provide members with an insight into what they have been up to over the past year, including some updates about ongoing matters in relation to the Scheme itself, as well as some wider news on pensions. This will also provide members with the opportunity to directly address questions to the Trustee.

We believe members value Town Hall style meetings as they offer an opportunity to interact with the Trustee. In the same manner as last year, we will be using Zoom to host the meeting virtually. For those members who are unable to join the call, we do intend to make a recording of the event available on request for a short period after.

Members are invited to table questions in advance, with further opportunity to ask questions on the day.

Full details of the event can be found below.

We hope that you are able to attend this meeting and we look forward to talking with you.

Town hall details: 23 November 2022

•      Date: 23 November 2022

•      Time: 17:30 to 19:30

To join the presentation: Webinar Registration – Zoom

This link will take you to an Isio Webinar Registration page. We recommend this is completed in advance of the meeting.

Members may submit questions in advance by emailing:

STMPensions@isio.com


or by submitting questions via a chat box functionality within Zoom on the day. The meeting will be run as a webinar so the chat box will be the only method of communication to the presenters at the meeting.

For a short period following the meeting, the Trustee will make a recording available on request via our website. The website address is: stukpension.net/

Members Newsletter – December 2021

Please find the December 2021 member newsletter on the link below. You will find this newsletter includes:

  • An update on the Trustee board
  • The actuarial valuation results as at 31 March 2020 and a funding update to 31 March 2021
  • An update on the assets of the Scheme
  • Scheme and wider pensions news
  • Contact details

We hope that you find this newsletter informative. If you would like to get in touch, a summary of contact details can be found on the back page of the newsletter or you can email the Scheme’s Administrators at STMpensions@isio.com.

Members Newsletter – December 2021

Call for ‘Member Nominated Director’ nominations – 2021

The Trustee requests nominations for the Member Nominated Director (“MND”) for the Scheme. Please read the announcement below for full details. Please note that if you, or another member of the Scheme that you may know, wishes to nominate himself or herself for this position, the deadline for submitting the complete nomination information is 28 January 2022.

For full dretails please see this document:

STMicroelectronics (Bristol) Retirement Benefit Scheme MND Announcement 2021

Town Hall Meeting Recording 2021

The Trustee hosted a virtual 2021 Town Hall meeting for Scheme members via Zoom on 1 December 2021.

The Trustee is conscious that some members who would have liked to attend will have been unable to do so due to other commitments. We are therefore making a recording of this meeting temporarily available to give such members the opportunity to watch the Trustee presentation.

The recording can be found by following the link below and will be available until the end of January 2022.

The video is only available for Scheme members and has been password protected. To obtain the password, please call the Isio administration team on +44 (0)118 338 4399. You will need to provide some personal details to confirm you are a member of the Scheme and will then be provided with the password. This password is not to be shared with anyone else, including other Scheme members.

Please note that the administrators can be contacted between 9am and 5pm GMT, weekdays only.
Isio’s offices will be closed for the Christmas period from 24 December 2021 to 3 January 2022.

1 December 2021 Town Hall Meeting Recording

Town Hall Meeting 2021

As in previous years, the Trustee and its advisors are hosting a Town Hall meeting for members of the STMicroelectronics(Bristol) Retirement Benefit Scheme (the “Scheme”) on  1 December 2021 from 18:00 to 20:00​

Due to the ongoing COVID 19 pandemic we will be using Zoom to host the meeting virtually again this year.

While this is not ideal the Trustee believes members value Town Hall style meetings as they offer an opportunity to interact with the Trustee and feel it is the best option for the Trustee to provide members with an insight into what they have been up to over the past year, including some updates about ongoing matters in relation to the Scheme itself, as well as some wider news on pensions. This will also provide members with the opportunity to directly address questions to the Trustee.

For those members who are unable to join the call, we do intend to make a recording of the event available on request for a short period after the event.​ Members are invited to table questions in advance, with further opportunity to ask questions on the day.​

Full details of the event can be found below.​

We hope that you are able to attend this meeting and we look forward to talking with you.​

Town hall details: 1 December 2021
  • Date: 1 December 2021
  • Time: 18:00 to 20:00

To join the presentation: Webinar Registration – Zoom

This link will take you to an Isio Webinar Registration page. We recommend this is completed in advance of the meeting.

Members may submit questions in advance by emailing STMPensions@isio.com
or by submitting questions via a chat box functionality within Zoom on the day. The meeting will be run as a webinar so the chat box will be the only method of communication to the presenters at the meeting.

For a short period following the meeting, the Trustee will make a recording available on request via our website. The website address is: stukpension.net/

2020 Implementation Statement

The STMicroelectronics (Bristol) Retirement Benefit Scheme's Implementation Statement can be downloaded (pdf) by clicking on the link below. The Implementation Statement is to provide evidence that the Scheme continues to follow and act on the principles outlined in the Statement of Investment Principles (which can be found in these Posts). The document includes, amongst other items, actions the Scheme has taken to manage financially material risks and implement the key policies in its SIP, and the current policy and approach with regards to Environmental, Social and Governance (ESG) issues.


2020 Implementation Statement

Town Hall Meeting Recording 2020

The Trustee hosted a virtual 2020 Town Hall meeting for Scheme members via Zoom on 17 December 2020.

The Trustee is conscious that some members who would have liked to attend will have been unable to do so due to other commitments. We are therefore making a recording of this meeting temporarily available to give such members the opportunity to watch the Trustee presentation. The recording can be found at the below link and will be available until the end of January 2021. The video is only available for Scheme members and has been password protected. To obtain the password, please call the Isio administration team on +44 (0)118 338 4399. You will need to provide some personal details to confirm you are a member of the Scheme and will then be provided with the password. This password is not to be shared with anyone else, including other Scheme members.

Please note that the administrators can be contacted between 9am and 5pm GMT, weekdays only. Isio’s offices will be closed for the Christmas period from 24 December 2020 to 3 January 2021.

17th December 2020 recording

Town Hall Meeting 2020

As in previous years, the Trustee and its advisors are hosting a Town Hall meeting for members of the STMicroelectronics(Bristol) Retirement Benefit Scheme on 17 December 2020 from 18:00 to 20:00​.

In light of the ongoing COVID 19 pandemic, we are clearly unable to host an in person event as we have done in recent years. We will therefore be using Zoom to host the meeting virtually. While this is not ideal the Trustee believes members value Town Hall style meetings as they offer an opportunity to interact with the Trustee and feel it is the best option for the Trustee to provide members with an insight into what they have been up to over the past year. The Trustee will including some updates about ongoing matters in relation to the Scheme itself, as well as some wider news on pensions. The Town Hall meetings also provide members with the opportunity to directly address questions to the Trustee.​

For those members who are unable to join the call, we do intend to share a recording of the event. ​ Members are invited to table questions in advance, with further opportunity to ask questions on the day.​

Full details of the event can be found below.​ We hope that you are able to attend this meeting and we look forward to talking with you.

Town hall details:

Date: 17 December 2020

Time: 18:00 to 20:00

To join the presentation:

Register here This link will take you to an Isio Webinar Registration page. We recommend this is completed in advance of the meeting.


Alternatively you can go to https://zoom.us/join and enter the Meeting ID: 999 5847 7328 Members may submit questions in advance by emailing STMPensions@isio.com or by submitting questions via a chat box functionality within Zoom on the day.

The meeting will be run as a webinar so the chat box will be the only method of communication to the presenters at the meeting. Following the meeting the Trustee will make a recording available on this website.