{"id":1185,"date":"2015-07-08T14:21:37","date_gmt":"2015-07-08T14:21:37","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1185"},"modified":"2015-07-08T14:21:37","modified_gmt":"2015-07-08T14:21:37","slug":"the-ici-pension-fund","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1185","title":{"rendered":"The ICI Pension Fund"},"content":{"rendered":"<p>The former industrial and chemical giant, and a former member of the FTSE-100 was Imperial Chemical Industries, known as ICI.<\/p>\n<p>Today ICI has vanished but its legacy lives on, in the name of <strong>AstraZeneca,<\/strong> the pharmaceuticals are of ICI that was spun out from by its demerger to create Zeneca and the rest of the business was sold to <strong>Ineos<\/strong> and the remaining business such as <em><strong>Dulux, Polycell and Hammerite<\/strong> <\/em>was sold to the Dutch chemicals company AzkoNobel.<\/p>\n<p>The pension fund is still supporting former workers of ICI.<\/p>\n<p><a href=\"http:\/\/www.icipensionfund.org.uk\" target=\"_blank\">http:\/\/www.icipensionfund.org.uk<\/a><\/p>\n<p>With assets of \u00a38,602million\u00a0 = <strong>\u00a38.602 Billion<\/strong>.<\/p>\n<p>The fund has to support:<\/p>\n<p>417 Contributing members<br \/>\n47,586 Pensioners<br \/>\n9,816 Deferred pensioners<\/p>\n<p>The <strong>\u00a38.6 billion<\/strong> is managed by these fund managers:-<\/p>\n<p>Alinda Capital Partners LLC<br \/>\nAshmore Management Company Limited<br \/>\nBlackRock Advisors (UK) Limited<br \/>\nGenesis Investment Management LLP<br \/>\nInsight Investment Management (Global) Limited<br \/>\nIntermediate Capital Managers Limited<br \/>\nM&amp;G Investment Management Limited<br \/>\nPIMCO Europe Limited<br \/>\nRogge Global Partners Plc<\/p>\n<p>The money is split across these asset classes:-<\/p>\n<p>Liability linked Investments<br \/>\nDeveloped Market Equities<br \/>\nEmerging Market Bonds<br \/>\nHigh-Yield &amp; Other Global Bonds<br \/>\nLeveraged Loans<br \/>\nEmerging Market Currencies<br \/>\nInfrastructure<br \/>\nProperty<\/p>\n<p>What is very interesting when one reads the small print of the pension fund of ICI, when ICI was bought, <strong>AkzoNobel guaranteed all ICI\u2019s pension obligations<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former industrial and chemical giant, and a former member of the FTSE-100 was Imperial Chemical Industries, known as ICI. Today ICI has vanished but its legacy lives on, in the name of AstraZeneca, the pharmaceuticals are of ICI that was spun out from by its demerger to create Zeneca and the rest of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1185","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1185"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1185\/revisions"}],"predecessor-version":[{"id":1187,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1185\/revisions\/1187"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}