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Articles from the year 2020

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Plan news Image of Expression of Wish Forms and letters – an update

Expression of Wish Forms and letters – an update

In response to our recent letter titled ‘Who do you want to receive any benefits payable from the Plan?’ we have received several very good questions from members and we thought to share the responses more widely. 
Plan news Image of Expression of Wish Forms and letters

Expression of Wish Forms and letters

You may have recently received a letter asking you to complete and return an Expression of Wish Form. This Form is very important as it helps the Trustee to determine more quickly who should receive any benefits from the Plan if you die. Therefore we would encourage you to complete and return the Form, even...
Plan news Investment Image of Guaranteed Minimum Pension (GMP) reconciliation project update

Guaranteed Minimum Pension (GMP) reconciliation project update

Over the last couple of years the Trustee has carried out a reconciliation to ensure that the GMP element of its Plan records agree with those of HM Revenue and Customs (HMRC). This has been a complex exercise and involved a significant amount of work. The project has now been completed and member records have...
Plan news Image of Help us to shape the future

Help us to shape the future

Your opinion on digital communications matters and the Trustee wants to take this into account when evolving its use of digital communications. Here’s how you can take part:
Plan news Trustee Image of Digital — the Trustee’s communication strategy

Digital — the Trustee’s communication strategy

We’re living in an increasingly digital world. We can choose to manage our household bills, our bank accounts and even our weekly shopping online.
Plan news Tax & Legislation Image of Read the new guide about COVID-19 and your pension

Read the new guide about COVID-19 and your pension

The Pension Protection Fund (PPF) has joined forces with six other pension bodies to produce a new guide to explain how your pension is protected and how to avoid scams during the COVID-19 pandemic. 
Plan news Scams Image of How can you help yourself?

How can you help yourself?

Action Fraud have reported a 400% increase in scams as a result of coronavirus-related fraud with total losses reaching nearly £970,000. It’s more important than ever to ensure the safety of your pension, so if you receive an unsolicited phone call, or any paperwork asking for an immediate signature, it’s likely to be a scam....
Plan news Image of Coronavirus – further update for members

Coronavirus – further update for members

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. 
Plan news Tax & Legislation Image of Coronavirus update for members

Coronavirus update for members

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 levels. We are confident the...
Tax & Legislation Image of State Pensions increase by 3.9%

State Pensions increase by 3.9%

From 6 April 2020, the State Pension, for those who reached their State Pension Age on or after 6 April 2016 will rise by 3.9% to £175.20 a week (£9,110.40 a year).
Plan news Trustee Image of Important changes to the Trustee Board

Important changes to the Trustee Board

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 to fill one of the...
Plan news Investment Image of Further Equitable Life update

Further Equitable Life update

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, which includes the conversion of...

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