In early May 2013, Invensys plc (the Company) completed the sale of its Rail division to Siemens. This was detailed in Trustee’s Annual Report & Financial Statements 2013. As a result of this sale, the Scheme benefited from:
- A cash contribution of £400m The £400m was invested into the Scheme on 3 May 2013. The assets are included in this year’s accounts.
- The creation of a Reservoir Trust of £225m funded by the Company This was available to fund the Scheme in the future, if necessary