On Wednesday 15th March 2023, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a decade. The Annual Allowance is being increased by 50% and there are plans to abolish the Lifetime Allowance altogether.

The terms of office for all three Member Nominated Trustee Directors (MNTDs) ended on November 1 2022 and nominations were requested for candidates to fill these positions. The Board is delighted that Phil Lawman, Beverly Clements and Philip French all chose to re-apply for a further term and were selected to fill the vacancies for...

We previously posted an article on the website regarding the recent news in the press about market volatility. As stated, the Trustee is closely monitoring the situation and we’d like to further reassure Pensioner members that payment of pensions will remain unaffected.

Many of you will be concerned about the current news headlines and the recent market volatility and we want to provide you with some reassurance about what this means for the Plan. 

We're pleased to launch our second HP podcast of the series. Here, we talk to Phil Lawman, Member Nominated Trustee and Chair of the Operations Sub-Committee about his life as a Trustee and some of the initiatives the Plan will be working on in the coming months.