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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 2025 Implementation Statement for the STMicroelectronics (Bristol) Retirement
Benefit Scheme.

2025 Implementation Statement

Town Hall Meetings

The Trustee hosted a virtual 2025 Town Hall meeting for Scheme members via Microsoft Teams on 17 September 2025.

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 October 2025. 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)3330 150887. 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.

STMicroelectronics (Bristol) Retirement Benefit Scheme

Town Hall Meeting:  17th September 2025; 18:00 to 20:00​

We would like to invite members of the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) to attend a virtual 2025 Town Hall meeting. The Trustee will be taking the opportunity to provide members with an insight into their work over the past year relating to the Scheme’s recent purchase of a bulk annuity insurance policy with Just Retirement Limited, who will also be in attendance. The session will cover ongoing matters relating to the Scheme and wider pensions news, and members will have the opportunity to address questions directly to the Trustee.

We believe members value Town Hall style meetings as they offer an opportunity to interact with the Trustee. We will be using Microsoft Teams 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.

•      Date: 17 September 2025

•      Time: 18:00 to 20:00

To join the presentation: Webinar Registration – Microsoft Teams

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 Microsoft Teams 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 intend to make a recording available on request via this website.

The Statement of Investment Principles (SIP) for the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) has been prepared by the Trustee and sets out the principles governing the Trustee’s decision to invest the assets of the Scheme. The Scheme’s investment strategy is derived from the Trustee’s investment objectives. The objectives have been taken into account at all stages of planning, implementation and monitoring of the investment strategy.

In May 2025, the Trustee purchased a buy-in policy with Just Retirement Limited to insure all
of the Scheme’s liabilities. This has effectively removed all the investment risk (and longevity
risk) from the Scheme and has enhanced the security of members’ benefits. As a result the 2025 Statement of Investment Principles has been updated to reflect this change.

The July 2025 version of the Statement of Investment Principles (SIP) is now current and can be accessed via the link below:

July 2025 Statement of Unvestment Principles

The STMicroelectronics (Bristol) Retirement Benefit Scheme is administrated by Isio on behalf of the Trustee. Isio provides a Pensions Platform which gives you access to view your member record within the Scheme.

The link to access the Member Portal is https://member.thepensionsplatform.co.uk/

For ease of access please save this address to your favourites. To register for the Member Portal, select the ‘Click here to register’.  (Once registered you can select ‘Proceed to login’ each time you wish to access your record.) Your membership reference number should previously have been communicated to you in a mailing. If you do not have this number, or are having any other issues accessing the system, please contact STMPensions@isio.com or call +44 (0) 3330 150887

The Investment Implementation Document (“IID”) linked below covers the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) and details the policy of the Trustee relating to the implementation of the Scheme’s investment arrangements, based on the Principles set out in the Scheme’s Statement of Investment Principles (“SIP”) dated January 2025.

The 2025 Investment Implementation Document can be accessed at the link below:

2025 Investment Implementation Document

Statement of Investment PrincipesThe Statement of Investment Principles (SIP) for the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) has been prepared by the Trustee and sets out the principles governing the Trustee’s decision to invest the assets of the Scheme. The Scheme’s investment strategy is derived from the Trustee’s investment objectives. The objectives have been taken into account at all stages of planning, implementation and monitoring of the investment strategy.

The 2025 version of the Statement of Investment Principles (SIP) is current and can be accessed via the link below:

2025 Statement of Investment Principles

The Trustee hosted a virtual 2024 Town Hall meeting for Scheme members via Microsoft Teams on 4 December 2024.

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 2025. 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)3330 150887. 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 2024 to 2 January 2025.

4 December 2024 Town Hall Recording

Town Hall Meeting:  4 December 2024; 18:00 to 20:00​

We would like to invite members of the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) to attend a virtual 2024 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 couple years, 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. We will be using Microsoft Teams 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.

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

Town hall details: 4 December 2024

•      Date: 4 December 2024

•      Time: 18:00 to 20:00

To join the presentation:  Webinar Registration – Microsoft Teams

This link will take you to an Isio Webinar Registration page. Please complete this in advance of the meeting. Once you have registered, you will receive a confirmation email which will contain your joining link for the meeting.

Members may submit questions in advance by emailing:

STMPensions@isio.com

or by submitting questions via a chat box functionality within Microsoft Teams 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.

The Investment Implementation Document (“IID”) linked below covers the STMicroelectronics (Bristol) Retirement Benefit Scheme (the “Scheme”) and details the policy of the Trustee relating to the implementation of the Scheme’s investment arrangements, based on the Principles set out in the Scheme’s Statement of Investment Principles (“SIP”) dated June 2023.

Investment Implementation Document