Pearl Company Logo Login 
 

Latest news

29/03/2012 - PENSION INCREASE EXCHANGE (PIE) The Company wrote to eligible pensioners in November 2011 to offer them the option of receiving a one-off increase to their current level of pension income by giving up the right to future increases that would otherwise be applied to part of their pension. The offer was made to exchange the non-statutory increases on pension for service before 6 April 1997 in excess of Guaranteed Minimum Pension (GMP) for a higher flat pension, this part of the pension will not then increase in the future. This is known as a Pension Increase Exchange (PIE). This was a Company initiative but the Company kept the Trustee fully informed throughout the process. Approximately 40% of eligible pensioners contacted by the Company accepted the Company’s offer. The exercise will result in a reduction of the pension fund liabilities but the amount is not yet known.

20/03/2012 - PENSION INCREASES 2012 - The annual increase to eligible pensions in payment this year is 3.7%. The statutory increase to the post 88 Guaranteed Minimum Pension (GMP) is 3%. Further details can be found here

02/03/2012 - WARNING - The Pensions Regulator, Financial Services Authority (FSA) and HM Revenue and Customs (HMRC) are warning consumers to steer clear of pension offers that claim to be able to provide loans or release tax-free cash from people’s pension pots before they reach age 55. Further details can be found here.

more...
Skip Navigation LinksHome > Members > Documents

Documents

This page contains some of the key documents relating to the Scheme.

Scheme Booklet

The current (at October 2008) scheme booklet contains full details of members benefits and can be downloaded or viewed here.

Please note the new address from 29 July 2011: First House, Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT. Reference to any other address should be ignored.

Additional Voluntary Contributions Information

Information on additonal voluntary contributions can be found here.

Complaints Procedure

The Trustee of your pension scheme is responsible by law for setting up a formal procedure to sort out any complaints involving the Pearl Group Staff Pension Scheme.

We hope that in most cases any problems can be resolved without the need to use this official procedure. But if a dispute arises that cannot be resolved informally please refer to the following procedure.

Pensions News

The magazine is a way of keeping the pensioners in touch with each other in a way that they are able to share any interesting news regarding events, hobbies and outings which they are, or may be, involved in. It also gives us an opportunity to update the pensioners on any changes that occur to the Scheme or Pearl Group itself. The majority of the articles are supplied by the Secretary/members of the pensioner associations listed on the back page.

Past editions of the Pensions News magazine can be found below:

Short Reports

Each year the Trustees of the Scheme produce a short report that contains a summary of the Annual Report & Accounts for the Scheme and details of any current Scheme issues. From 2006 this document contains the Summary Funding Statement that is required to be issued to members.

The short reports can be found below:

Actuarial Valuation Reports

Every three years the Scheme Actuary carries out a valuation to determine its abilty to pay members benefits and to advise on the appropriate level of future company contributions.

The summary of the report can be found below:

The information placed on this website is for ease of reference only. Whilst every effort is made to keep this information up to date, sometimes there is necessarily a delay in posting new or revised documentation and, as such, members should only rely on the printed documentation provided in relation to the Scheme, which is available from the Scheme Administrators. Members access this website on the basis that the Company and the Trustee of the Scheme will not be liable for any action taken in reliance on the information posted on it. If you have queries please contact us.
© 2007 First Actuarial plc