Other reports

GlaxoSmithKline Capital plc Euro Medium Term Note Programme

GlaxoSmithKline Capital plc Annual Reports

UK Pension Schemes Statements of Investment Principles (SIP)

The links below will allow you to download the Statements of Investment Principles for the four main UK pension schemes.

The contents of these documents are set out under UK law and cover the investment policies of the schemes in the following broad areas:  Risk Measurement and Management, Implementation and Governance. The documents also provide details of the asset allocation of the investments.

The Statements have been agreed by the Trustee Boards on the basis of written advice from their appointed external investment advisers and lawyers.  There is a consultation process on the SIP with the participating employers as required by law.

The Statements are reviewed by the Trustees annually and also if there are any significant changes to the investment policies.

The Trustees monitor compliance with this statement at least annually.  Fund manager activity is reviewed quarterly through reports prepared by investment consultants. Additionally, meetings are held with fund managers at least annually to review the activities and compliance with their contractual terms and with the Statements of Investment Principles.