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Latest news

27/11/2018 - Pensioners pay for December will be paid on the 21st December.

09/05/2018 - The current data protection law is being replaced by the General Data Protection Regulation (GDPR) on 25 May 2018. All members will receive a letter and a GDPR Privacy Notice about this.

20/03/2018 - PENSION INCREASES 2018 - The increase to pensions in payment from April 2018, in line with the Rules of the Scheme is 3.6%. The statutory increase to the Post 88 GMP this year will be 3.0%. The increase confirmation letters will be posted from 6th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.



Latest News

27/11/2018 - Pensioners pay for December will be paid on the 21st December.
09/05/2018 - The current data protection law is being replaced by the General Data Protection Regulation (GDPR) on 25 May 2018. All members will receive a letter and a GDPR Privacy Notice about this.
20/03/2018 - PENSION INCREASES 2018 - The increase to pensions in payment from April 2018, in line with the Rules of the Scheme is 3.6%. The statutory increase to the Post 88 GMP this year will be 3.0%. The increase confirmation letters will be posted from 6th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
12/03/2018 - 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. A copy of the latest Short Report recently issued to members can be found here.
01/12/2017 - Pensioners pay for December will be paid on the 22nd December.
21/03/2017 - PENSION INCREASES 2017 - The increase to pensions in payment from April 2017, in line with the Rules of the Scheme is 3.2%. The statutory increase to the Post 88 GMP this year will be 1.0%. The increase confirmation letters will be posted by 7th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
02/03/2017 - 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. A copy of the latest Short Report recently issued to members can be found here.
21/11/2016 - Following the Scheme's Actuarial Valuation in 2015 the valuation report has now been issued to all members of the Scheme. Scheme Funding Update .
31/08/2016 - Deferred members have a statutory right to ask for one transfer value statement in any 12 month period. The Trustees charge £250 for any subsequent transfer values requested within a 12 month period.
22/03/2016 - PENSION INCREASES 2016 - The increase to pensions in payment from April 2016, in line with the Rules of the Scheme is 1.3%. There will be no statutory increase to the Post 88 GMP this year. The increase confirmation letters will be issued week ending 8th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
25/01/2016 - Following the Trustees “Important changes to your investment choices” communication in December I am pleased to confirm that the switch into the new investments was completed on 14th Jan 2016. Confirmation letters showing members new investments have been posted today. You can also access all the individual fund fact sheets and fund prices for the new funds here.
11/12/2015 - A GUIDE TO YOUR INVESTMENT CHOICES FROM JAN 2016 - Members with investments in the money purchase funds will receive a letter over the next few days regarding changes to investment funds from January 2016. The interactive investment guide referred to in the letter can be found here. You can also access all the individual fund fact sheets and fund prices for the new funds here.
12/10/2015 - The Company contribution of £40m was received in September 2015 in line with the funding agreement with the Company. A funding update can be found on page 8 of the latest Short Report. Short Report.
16/09/2015 - 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. A copy of the latest Short Report can be found here.
16/09/2015 - We are pleased to announce that Graham Felston was elected to the position of Member Nominated Trustee Director with effect from 19 August 2015. Graham was previously a Trustee for the Scheme for 11 years from 2002 to 2013. He also currently holds the position of Chair of Trustees for three other Pension Schemes and will bring a great deal of experience to the Trustee Board. Graham is a replacement for Tracey Reedman who decided not to stand again at the end of her term of office.
27/04/2015 - DATA PROTECTION NOTICE - The Data Protection Notice has been updated. This can be found at the footer of the Home page below.
24/03/2015 - PENSION INCREASES 2015 - The increase to pensions in payment from April 2015, in line with the Rules of the Scheme is 1%. The statutory increase to the Post 88 GMP is 1.2%.The increase confirmation letters will be issued week commencing 6 April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
23/04/2014 - BUDGET 2014 In this years’ budget the Chancellor announced some major new rules for pensions and options at retirement, some of which took effect from 27 March 2014 and some of which are subject to consultation. A summary of the pension changes can be found here. This document has been added to the members page under Frequently Asked Questions.
14/02/2014 - MEMBER NOMINATED TRUSTEE RESULTS - Max Mauchline and Chris Munro have been re-elected as the member nominated Trustee Directors. Further details can be found here
12/07/2013 - BEWARE OF FRAUDSTERS OFFERING CASH FOR YOUR PENSION - 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. There is also a lot of information available on the Pension Advisory Service web site here.