Associated British Foods Pension Trustees Ltd

Associated British Foods Pension Trustees Limited is the corporate trustee of the pension schemes of Associated British Foods plc (ABF), a global food, ingredients and retail company. Associated British Foods Pensions Trustees Limited is a subsidiary of ABF, and is based at the Weston Centre, Grosvenor Street, London.

ABF was founded by Garfield Weston in 1935 as Food Investments Limited: the company was renamed Allied Bakeries Limited shortly afterwards. Allied Bakeries first established a pension scheme in 1941 and another Weston family company, George Weston Holdings Limited, established a second scheme in 1948. In 1952 the Allied Bakeries Limited Pension Scheme, along with the pension scheme of a subsidiary company, A.H. Palmer Limited, was amalgamated with the George Weston Holdings Limited Scheme. The amalgamated scheme was known as the Allied Bakeries Limited Pension Scheme.

Followed the renaming of Allied Bakeries Limited as Associated British Foods Limited in 1960, the Allied Bakeries Limited Pension Scheme was also renamed, becoming the Associated British Foods Pension Scheme in 1963. The scheme underwent another name change in 1978, becoming the Associated British Foods Pension and Life Assurance Scheme, but this was reversed in 1984 and the scheme continues to operate today as the Associated British Foods Pension Scheme.

Initially the scheme was overseen by individual trustees, but in 1980 they were replaced by a corporate trustee, Associated British Foods Pension Trustees Limited. Prior to this date the company had operated as G W H Properties Limited, holding property investments on behalf of the pension scheme's trustees.

ABF operated a Group Pensions Department which was responsible for the administration of its pension schemes. This department was led by a Secretary or, later, by a Group Pension Manager. These have included P Glover, Alan Herbert and Derek Yarrow. They also employed pensions consulting firms, notably Metropolitan Pensions Association Limited.

In addition to the main ABF Pension Scheme, ABF operated separate pension schemes for senior management (the ABF Senior Executive Pension Scheme and the Allied Bakeries Senior Management Pension Schemes) and a life assurance scheme (the Weston Life Assurance scheme). They also operated a pension scheme to allow their staff to opt out of the state pension scheme, the Allied Bakeries 'Q' Pension Scheme. Since 1935 ABF has taken over a number of companies, resulting in the ABF Pensions Department taking on the administration of subsidiary company's pension schemes: this includes the British Sugar pension schemes.

Another element of ABF's staff benefit provision is the Weston Provident Fund. Established in 1981, the Fund's objective is to assist with the welfare of employees and former employees of the ABF Group and their dependants. . The charity is based in Russell Square, London.