Reliance Pension Scheme
Utmost Life and Pensions acts as the principal employer to this pension scheme, being the former staff pension scheme for Reliance Mutual Insurance Society, which Utmost acquired in 2018. The Scheme was established on 2 January 1961 and is governed by a Trust Deed and Rules. It is a defined benefit scheme, although it is closed to active members.
In order to comply with the Pensions Act 1995 and subsequent legislation, Trustees of most occupational schemes must prepare, maintain and periodically revise a Statement of Investment Principles (SIP), a written statement governing decisions about investments.
The latest scheme SIP can be found here: