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UK Regulatory Reports

Gender Pay Gap
From 2017, any UK organization that has 250 or more employees must publish and report specific figures about their gender pay gap. The gender pay gap is the difference between the average earnings of men and women, expressed relative to men’s earnings. The Flowserve company in scope for gender pay reporting requirements is Flowserve GB Limited.  

Flowserve is committed to providing a workplace for all its employees that provides equal employment opportunities and equitable compensation opportunities for all. We recognize the value in having a diverse and inclusive workforce and are committed to improving the diversity of our employees.

We anticipate the UK gender pay information will prove to be a valuable tool in assessing levels of equality in the workforce, the degree of female and male participation, how effectively talent is being managed and how this helps shape our people strategy.

Read more about the 2018 Flowserve GB Limited UK Gender Pay Gap Report.
 

Flowserve (UK) Limited Pension Plan
Flowserve is the sponsoring employer to the Flowserve (UK) Limited Pension Scheme. By law, the Trustees are required to set out the investment strategy of the Scheme in a document called the Statement of Investment Principles. This document sets out the Scheme’s investment objectives and policies. The Trustees take advice on their investment strategy and consult Flowserve when doing so. The document is updated whenever there is a change to the Scheme’s investment strategy and at least every three years. The Statement of Investment Principles includes:

  • Division of responsibilities
  • Investment policies for both the DB and DC sections of the Scheme
  • Additional voluntary contributions (AVC) arrangements
  • Social, environmental or ethically responsible investment and corporate governance
  • Policies on buying and selling investments
  • Compliance

Read more about the Flowserve (UK) Limited Pension Plan Statement of Investment Principles.
 

BW/IP International Limited Pension Plan
Flowserve is the sponsoring employer to the BW/IP International Limited Pension Plan. By law, the Trustees are required to set out the investment strategy of the Plan in a document called the Statement of Investment Principles. This document sets out the Plan’s investment objectives and policies. The Trustees take advice on their investment strategy and consult Flowserve when doing so. The document is updated whenever there is a change to the Plan’s investment strategy and at least every three years. The Statement of Investment Principles includes:

  • Division of responsibilities 
  • Objectives and long-term policy
  • Investment Manager arrangements
  • Other investment policies
  • Risk management
  • Compliance

Read more about the BW/IP International Limited Pension Plan Statement of Investment Principles.