News

Coronavirus – further update for membersPlan
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Given the significant and fast-moving development of the Coronavirus (COVID-19) issue, and the Government’s policy in relation to how the UK needs to react to this, we want to update you further on how we are responding to the situation.  We are working closely with our Plan Administrator (Equiniti) who... Read more...

Coronavirus update for membersPlan
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As the impact of the coronavirus is felt across the UK, we want to reassure members that looking after their pension is the Trustee’s top priority. We have been working with all our advisers to understand what plans they have in place to mitigate the potential impact on their staff... Read more...

Important changes to the Trustee BoardPlan
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The terms of office for all three Member Nominated Trustee Directors (MNTDs) ended in October 2019 and nominations were requested for candidates to fill these positions. The Board is delighted that Phil Lawman chose to re-apply for a third term, he first joined the Board in 2011, and he was selected... Read more...

Further Equitable Life updatePlan
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The Equitable Life Assurance Society (“Equitable Life”) business transfer to Utmost Life and Pensions Limited (“ULP”) was completed on 1 January 2020 as planned. At their meeting on 1 November 2019, Equitable Life Policyholders voted overwhelmingly in favour of closure of Equitable Life’s With-Profits Fund and the transfer to ULP... Read more...

High Court ruling on GMP equalisationPlan
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The High Court has recently decided a case to do with ‘Guaranteed Minimum Pensions’, (‘GMPs’). The judgement affects the Plan because some of its members’ pensions include a GMP element. The judgement confirms that pension schemes will need to provide equal benefits for men and women for pensionable service between... Read more...