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SPECTRIS PENSION PLAN Annual Report To Members For year ended 31 December 2008


Running of the Plan

The Trustee is responsible for the administration of the Plan on behalf of the members, including maintaining records, collecting and investing contributions, appointing Fund Managers and monitoring their performance, paying benefits and preparing the Annual Report and Accounts. The Trustee does not charge the Plan for its services. The Trustee of the Plan is Spectris Pension Trustees Limited, a subsidiary of Spectris plc. The power of removal and/or appointment of the Trustee is vested in Spectris plc. At the end of the year, the Directors of the Trustee Company were: UĂŠ UĂŠ UĂŠ UĂŠ UĂŠ

ÂœÂ…Â˜ĂŠ7>ÀÀiÂ˜ĂŠÂ­ Â…>ÂˆĂ€Â“>˜Ž

>Ă€ÂœÂ?ĂŠ Ă€ÂœÂœÂŽĂƒÂœÂ˜ĂŠ* ->VÂ…>ĂŠiÂ˜Â˜Ăž ,Âœ}iÀÊ-ĂŒiÂŤÂ…iÂ˜Ăƒ

>Ă›Âˆ`ĂŠ7>ĂŒĂƒÂœÂ˜ĂŠ*

* Member-nominated director

The Trustee Company employs the professional services of the following in the running of the Plan:

Introduction The Trustee has pleasure in presenting its report to the members of the -ÂŤiVĂŒĂ€ÂˆĂƒĂŠ*iÂ˜ĂƒÂˆÂœÂ˜ĂŠ*Â?>Â˜ĂŠÂ­ÂżĂŒÂ…iĂŠ*Â?>Â˜ÂżÂŽĂŠvÂœĂ€ĂŠĂŒÂ…iĂŠĂži>ÀÊi˜`ˆ˜}ĂŠĂŽÂŁĂŠ iVi“LiÀÊÓään° /Â…iĂŠ*Â?>Â˜ĂŠÂˆĂƒĂŠ>ĂŠw˜>Â?ĂŠĂƒ>Â?>ÀÞÊ­Ÿ`iw˜i`ĂŠLi˜iwĂŒÂ˝ÂŽĂŠÂŤiÂ˜ĂƒÂˆÂœÂ˜ĂŠĂƒVÂ…i“iĂŠ>˜`ĂŠÂˆĂƒĂŠ contracted out of the State Second Pension. This report to members is designed to give details of who runs the Plan, ĂœÂ…iĂ€iĂŠĂŒÂ…iĂŠ*Â?>Â˜Â˝ĂƒĂŠ>ĂƒĂƒiĂŒĂƒĂŠ>Ă€iĂŠÂˆÂ˜Ă›iĂƒĂŒi`ĂŠ>˜`ĂŠÂŤĂ€ÂœĂ›Âˆ`iĂŠLĂ€ÂˆivĂŠ`iĂŒ>ˆÂ?ĂƒĂŠvĂ€ÂœÂ“ĂŠĂŒÂ…iĂŠ *Â?>Â˜ĂŠ>VVÂœĂ•Â˜ĂŒĂƒĂŠvÂœĂ€ĂŠĂŒÂ…iĂŠĂži>ÀÊÓään°Ê/Â…iĂŠÂź*iÂ˜ĂƒÂˆÂœÂ˜ĂŠ iĂœĂƒĂŠ1ÂŤ`>ĂŒiÂ˝ĂŠĂƒiVĂŒÂˆÂœÂ˜ĂŠ explains Plan events as well as any changes in pension legislation. For general information on the benefits you receive and the contributions that you may pay please refer to the Plan members’ booklet that is available from your HR department.

2 SPECTRIS PENSION PLAN

Administrators and Consultants Aon Limited Actuary

Â…Ă€ÂˆĂƒĂŠ >“vÂœĂ€`]ĂŠÂœÂ˜ĂŠÂˆÂ“ÂˆĂŒi` Auditors Menzies LL Investment Managers UĂŠ 8ĂŠÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠ>˜>}iĂ€ĂƒĂŠÂ­Ă•Â˜ĂŒÂˆÂ?Ê£ÎÉ££ÉÓäänÂŽ UĂŠ ˆ`iÂ?ÂˆĂŒĂžĂŠ*iÂ˜ĂƒÂˆÂœÂ˜ĂƒĂŠ>˜>}i“iÂ˜ĂŒĂŠÂˆÂ“ÂˆĂŒi` UĂŠ Â˜Ă›iĂƒVÂœĂŠ*iÀiĂŒĂ•>Â? UĂŠ i}>Â?ĂŠEĂŠi˜iĂ€>Â?ĂŠĂƒĂƒĂ•Ă€>˜ViÊ­*iÂ˜ĂƒÂˆÂœÂ˜ĂƒĂŠ>˜>}i“iÂ˜ĂŒÂŽĂŠÂˆÂ“ÂˆĂŒi` UĂŠ -VÂœĂŒĂŒÂˆĂƒÂ…ĂŠ7ˆ`ÂœĂœĂƒĂŠÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠ*>Ă€ĂŒÂ˜iĂ€ĂƒÂ…ÂˆÂŤ UĂŠ  " ĂŠĂƒĂƒiĂŒĂŠ>˜>}i“iÂ˜ĂŒĂŠÂˆÂ“ÂˆĂŒi`Ê­vĂ€ÂœÂ“ĂŠÂŁ{É££ÉÓäänÂŽ Solicitors Pinsent Masons LLP Bankers >ĂŒÂˆÂœÂ˜>Â?ĂŠ7iĂƒĂŒÂ“ÂˆÂ˜ĂƒĂŒiÀÊ >Â˜ÂŽĂŠ*Â?V

3


Accounts summary

Income

PERCENTAGE

Membership

/Â…iĂŠvÂœĂ€Â“>Â?ĂŠ*Â?>Â˜ĂŠ>VVÂœĂ•Â˜ĂŒĂƒĂŠvÂœĂ€ĂŠĂŒÂ…iĂŠÂŤiĂ€ÂˆÂœ`ĂŠvĂ€ÂœÂ“ĂŠÂŁĂŠ>Â˜Ă•>ÀÞÊÓäänĂŠĂŒÂœĂŠĂŽÂŁĂŠ December 2008 have been audited by Menzies and agreed by the Trustee. A summary of the Plan accounts is set out below:

2008

2007

­Ë]äääŽ

­Ë]äääŽ

Contributions

2,926

2,913

Age-related rebates

x{

11

Investment income

1,763

1,835

CASH FIXED Transfers-in INTEREST 53

OVERSEAS -

UK EQUITIES 2

29

2007 2008 ACTIVE 111 120 MEMBERS RETIRED At 31 December 778 754 1,650 members in the 2008 there were MEMBERS Plan, compared761 to 1,671 members DEFFERED 797 at 31 December 2007. The MEMBERS LĂ€i>ÂŽ`ÂœĂœÂ˜ĂŠÂˆĂƒĂŠ>ĂƒĂŠvÂœÂ?Â?ÂœĂœĂƒ\

SPECTRIS PENSION PLAN MEMBERSHIP 2000

1500

1000

12

{]Ç{Î 16

{]ÇÇ£

2008

2007

500

Expenditure

­Ë]äääŽ

­Ë]äääŽ

Lump sums - on retirement

577

{{x

Lump sums - on death

1

63

Transfers out & leavers

137

56

£]Ι{

757

16%

Expenses 53% 29%Pension payments

2%

PERCENTAGE

2,989 FIXED5,098 INTEREST 53

Key

Ó]Çx{ 2

2007

2008

DEFFERED MEMBERS

ActiveRETIRED Member: MEMBERS A member of the Plan, presently accruing ACTIVE MEMBERS benefits in relation to current service.

CASH 4,075 UK EQUITIES 29

OVERSEAS 16

Deferred Member: A member having left their Spectris employer before retirement or opted to withdraw from the Plan, who is entitled to have their benefits retained under the *Â?>Â˜Â°ĂŠ ÂœĂŒÂ…ĂŠi“Â?ÂœĂžiÀÊ>˜`ʓi“LiÀÊVÂœÂ˜ĂŒĂ€ÂˆLĂ•ĂŒÂˆÂœÂ˜ĂƒĂŠVi>ĂƒiĂŠ>˜`ĂŠÂ˜ÂœĂŠ further benefits are accrued. Retired Member: An individual currently in receipt of a pension from the Plan.

16% FIXED INTEREST CASH UK EQUITIES OVERSEAS

0

53%

29% 2%

4 SPECTRIS PENSION PLAN

FIXED INTEREST CASH UK EQUITIES OVERSEAS

5

Spectris  

Pension Plan Brochure

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