UK Common Investment Fund 13 th Annual Alexander Hamilton Awards and - - PowerPoint PPT Presentation

13th Annual Alexander Hamilton Awards and Best Practice Summit October 27-28, 2008

Project Team: Amar Duvvur David Charlot Rich Proko

UK Common Investment Fund

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Overview

Tyco: A brief history State of pension plans in 2005 UK pension scheme experience UK Common Investment Fund vision Fund structure and governance Project benefits

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Fund Structure & Governance

Cash Bonds Equity Alternatives Inv Mgr 1 Inv Mgr 1 Inv Mgr 1 Inv Mgr 1

Investments Investments Investments Investments

Inv Mgr n Inv Mgr 2 Inv Mgr 2 Inv Mgr 2

Investments Investments Investments Investments

Inv Mgr n Inv Mgr n Inv Mgr n

Investments Investments Investments

CIF Unitization Structure

Common Investment Fund

UK UK Pension Pension Schemes Schemes Tyco Employers Tyco Employers (Subsidiaries) (Subsidiaries)

Contributions Contributions Investment / Withdrawals Investment / Withdrawals

Custodian: Northern Trust Custodian: Northern Trust Administrator/Advisor: Buck Administrator/Advisor: Buck Investment Advisor: Hewitt Investment Advisor: Hewitt Counsel: Eversheds Counsel: Eversheds CIF CIF Trustee Trustee Board Board Scheme Scheme Trustee Trustee Boards Boards

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Project Benefits

ENHANCED ENHANCED RISK RISK MGMT. MGMT. IMPROVED IMPROVED DECISION DECISION-

• MAKING

MAKING CORPORATE CORPORATE PARTNERING PARTNERING ENHANCED ENHANCED COMPLIANCE COMPLIANCE COMMON COMMON STANDARDS STANDARDS SUPERIOR SUPERIOR INVESTMENTS INVESTMENTS QUALITY OF QUALITY OF SERVICES SERVICES COST COST SAVINGS SAVINGS KEY KEY BENEFITS BENEFITS

PROJECT PROJECT BENEFITS BENEFITS