Pace DB was set up in April 2006, when three Co-op defined benefit (DB) pension schemes merged: CIS Employees’ Pension Scheme, The Co-operative Bank Pension Scheme and Co-operative Group (CWS) Limited Pension Scheme. It also incorporates a number of pension schemes from other co-operatives and companies who merged with the Co-op.
43% Liability Matching Investments
38.5% Corporate Bonds
13.2% Less Liquid Corporate Bonds
4.5% Inflation Linked Property
0.8% Alternative Growth Assets