Annual Report

The Annual Report and Financial Statements is a comprehensive report on Ensign’s activities throughout the previous year. It gives information about Ensign’s actions and financial performance.

• Annual Report and Financial Statements 2023
  0.9 MB – PDF
• Annual Report and Financial Statements 2022
  1.8 MB – PDF
• Annual Report and Financial Statements 2021
  8.6 MB – PDF
• Annual Report and Financial Statements 2020
  1.9 MB – PDF
• Annual Report and Financial Statements 2019
  2.4 MB – PDF
• Annual Report and Financial Statements 2018
  8.9 MB – PDF

Chair’s Governance Statement

Ensign’s trustees are required to produce a statement each year to demonstrate and explain how we meet standards of governance and administration that help deliver better outcomes for members at retirement. The Chair’s Governance Statement also includes information about the member costs and charges associated with Ensign, however, for the most up to date information, members may view the costs and charges on TargetPlan.

• Chair’s Governance Statement 2022
  417 KB – PDF
• Chair’s Governance Statement 2021
  480 KB – PDF
• Chair’s Governance Statement 2020
  244 KB – PDF
• Chair’s Governance Statement 2019
  370 KB – PDF
• Chair’s Governance Statement 2018
  617 KB – PDF

Master Trust Assurance Report

Ensign has obtained Master Trust Assurance. This means that Ensign has been subject to an independent review of its practices against prescribed control objectives and that it demonstrates high-quality governance and administration.

• Trustees’ Assurance Report
  1.58 MB – PDF

Statement of Investment Principles (SIP)

A SIP is a written statement that governs decisions about the investments for occupational pension schemes, such as Ensign. The Trustee Board prepares, maintains and updates the SIP. The SIP is reviewed every three years or after any significant change in investment policy.

• Statement of Investment Principles
  245 KB – PDF

Trust Deed and Rules

The Trust Deed and Rules set out the Trustee Board’s powers and the procedures trustees must follow. The Trust Deed is a legal document that sets up and governs the scheme. The Rules set out more detailed conditions, for example, the benefits that will be provided.

• Trust Deed and Rules
  445 KB – PDF

Implementation Statement

The Implementation Statement is a document produced by the Trustee in line with Trustee disclosure requirement which describes how, and to what extent, the Trustee has followed the principles and policies set out in its Statement of Investment Principles during the year ended 31 March 2022. It includes information about voting and engagement carried out during the year by investment managers of the funds available to Ensign members.

• Implementation Statement
  333 KB – PDF

Climate-Change Disclosures

This report is the first report required under the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 for the Ensign Retirement Plan (“Ensign”). These regulations introduced requirements relating to Ensign’s governance of climate-change in its investments and are based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD was set up in 2015 by the Financial Stability Board (an international body promoting financial stability) to improve climate-related financial disclosures.

• Climate-Change Disclosures
  217 KB – PDF