SLB pays all of the Scheme’s administration and investment management costs, so members don’t have to bear these costs and more money remains invested in their Personal Money Funds (PMF). This is a defining feature of the Scheme which the Trustees believe is a key factor in providing good Value for Members.
Due to the complexity and number of options available to Blue Section members, IFA support has been introduced to assist those members at retirement. The cost of this is again paid for by the Company on a one-off basis.
The Trustee considers its robust governance approach, sophisticated investment design and dedicated communication and engagement plan are key factors which add additional value for members of the Scheme.
The Trustees full governance statement (covering both the Blue and Orange Sections of the Scheme) is available here.