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Investment Committee
 Kathleen O’Donovan
Ian Fyfe
Tony Ferris
Nigel Casson-Moss
Role of the Investment Committee
All decisions regarding the investment of the Scheme's assets are the responsibility of the Trustee Board. With this in mind, an Investment Committee meets at least once a quarter to review the Scheme's investments and make recommendations to the Board regarding changes in investment strategy or managers. The Investment Committee consists of the Chairman and two other Trustee Directors, Ian Fyfe and Tony Ferris. The General Manager, Investment Advisors, Company Representatives and other Advisors also attend the meetings.
The Committee members work closely with P-Solve, the Scheme's Investment Advisor, to ensure that they are aware of the best forms of investment to meet the needs of the Scheme. They also liaise closely with the Company so that all parties involved in the Scheme's financial development are able to match the requirement to pay pensions for many years to come.
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Kathleen O’Donovan
Chairman
A member of the Trustee Board since 1991 and appointed Chairman February 2003. As Chief Financial Officer of BTR and Invensys between 1991 and 2003 she has been deeply involved in the Scheme for many years. Previously a partner with Ernst and Young, Kathleen now holds a number of plc non-executive directorships..
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Ian Fyfe
Ian is a Chartered Accountant and a Chartered Management Accountant. He spent 21 years in various financial and management roles in the Angus and Dunlop Groups. He then
switched to pensions and managed the Dunlop Group Pension Scheme from 1982 until its merger with other BTR schemes in 1988. He then became General Manager of the BTR Group Pension Scheme until his retirement in 1996. Since then he has served as a Director of the Trustee Company and is Deputy Chairman.
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Tony Ferris
Tony is a Chartered Accountant who retired in 1999, after joining the group as Finance Director of Westinghouse Brake and Signal Holdings in 1994. During this time he was Finance Director of Hawker Siddeley Rail Division until 1991 and then Group Controller of BTR Rail Group. He was a Trustee of the Westinghouse Pension Schemes until they were merged with the BTR Group Pension Scheme in 1993 and also Chairman of the South West Region’s Pensions Consultative Committee.
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Nigel Casson-Moss
After spending 30 years as a Finance Director in the UK manufacturing industry, Nigel became a Trustee Director of the T&N Retirement Benefits Plan in 1999. He subsequently became Pension and Benefits Manager for the T&N Group in 2001. He joined Invensys Pensions in January 2004 as General Manager, working for the Trustee Board, with executive responsibility for the Scheme, including the administration office in Newcastle. Nigel retired in September 2008, and was elected as a Pensioner Director of the Invensys Pension Scheme in February 2010.
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