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...

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).

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...

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...

Some members of the Plan currently have Additional Voluntary Contributions (AVCs) invested with Equitable Life as part of a Group Policy where the Trustee is the Policyholder. In 2018, Equitable Life announced their intention to withdraw from the market and transfer their business to Utmost Life and Pensions. The proposed transfer of business (the ‘Transfer’),...