'Teabreak' ad shown
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Pictured left to right, Alan Pickering,
Mark Lazarowicz and Tom Galloway
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Plumbing Pensions will have
a stand at this years show to be held at the Ramada
Hotel, Shaw's Bridge, Belfast on 7 and 8 October.
If you are able to attend please come to see us at
stand 5 where our Pensions Officer, Stuart McDonald
will be able to chat to you about the Scheme and answer
any questions that you may have.
We will be sharing a stand with
SNIPEF so this gives you a great opportunity to come
along and see us both at the same time.
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-Mr Robert Price, a long
serving Director of the Plumbing & Mechanical
Services (UK) Industry Pension Scheme has been awarded
an MBE in the recent Queen's Bithday Honours List.
Robert Burgon, Pensions Manager of the Scheme commented
that "It is really good to see one of our Board
Members being honoured in this way. Bob Price has
been an enthusiastic and hard-working member of the
Plumbing Pensions Board over a long period of time
and this public recognition is well deserved."
For over twenty years Mr
Price has devoted a great deal of time to the Plumbing
Industry including work with City and Guilds, promoting
Plumbing and Heating in colleges and
as Chairman and President of the Association of Plumbing
and Heating Contractors.
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To be held at Emirates
Stadium, Arsenal FC on 22 and 23 April, with Plumbing
Pensions exhibiting in stand number 29.
If you are attending please pop along to speak with
Pensions Officer, Stuart McDonald, he will be more
than happy to pass out explanatory literature and
answer any questions you may have regarding membership
of the Pension Scheme.
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The Scheme has received a number of enquiries from
employers, members and pensioners concerned about
the impact of recent events on their pension. The
Scheme Actuary Neil Puxley stated.
“The recent turmoil in financial markets has
been well publicised and you may, as a result, be
wondering how this affects your pension in the Scheme.
The main impact of these recent events on the finances
of the scheme results from the fall in the value of
shares around the world, as this is where around half
of the Scheme's assets are invested. Whilst this has
reduced the amount of money held in the short term,
the nature of the Scheme is that pensions are payable
over the very long term - for some members 50 years
or more into the future.
Also, in determining how much money the Scheme needs
to pay its current and future pensions, the Trustee,
with my help, takes a cautious view of the future.
Whilst recent market movements are significant and
will have worsened the funding position in the short
term, the assets held in the Scheme are still expected
to be sufficient to pay members' pension benefits
over the long term.
We will continue to monitor the situation closely
over the coming weeks and months.”
- 14 October 2008
Plumbing Pensions are exhibiting at the forthcoming
2008 Bathroom Conference in the Forest of Arden Hotel,
Warwickshire on 14th October. If you are attending
please pop along to speak with Pensions Officer, Stuart
McDonald. Stuart will be more than happy to pass out
explanatory literature and answer any questions you
may have regarding membership of the Pension Scheme.
