The Trustee has finally received Scottish Counsel’s opinion on the section 75 employer debt calculation methodology. The Trustee is reviewing Scottish Counsel’s opinion and aims to share the details with all the affected employers as part of a consultation on the calculation methodology that will likely begin in February 2018. The consultation is likely to…
We are currently in the process of issuing the Certificates of Pension Credit for the year to 5th April 2017, if you have not received this from us by the middle of December, please contact us. If you require any further information or clarification regarding the benefits that you have accrued in the Scheme please…
The Scheme has today sent by recorded delivery letters to employers who have participated in the Scheme and according to the Scheme’s records have triggered a section 75 employer debt. If you receive a letter and require addtional information please get in touch with the Administration Team for support. Or if you disagree with the…
The Pensions Regulator has come across a number of instances where employers had agreed to opt staff out of a workplace pension before they’d been enrolled. Whether your intentions are to make things easier for your staff or avoid paying into their pension scheme, the law is the same. They can’t opt out before you…
The Plumbing & Mechanical Services (UK) Industry Pension Scheme (the “Scheme”) has recently completed a buy-in with Legal & General. This involved exchanging nearly £570 million of the Scheme’s assets, primarily government and corporate bonds, along with cash raised by selling a small amount of UK equities, for a bulk annuity policy from Legal &…
Click picture to download your copy of the latest employer update.
We are excited to launch our new and refreshed website. The updated site includes changes to content, navigation and is responsive for using on a range of devices. The Plumbing & Mechanical Services (UK) Pension Scheme has a rich history of providing the plumbing and mechanical services industry excellent member benefits. The updated website provides…
We are excited to launch our new and refreshed website. The updated site includes changes to content, navigation and is responsive for using on a range of devices. The Plumbing & Mechanical Services (UK) Pension Scheme has a rich history of working with employers in the provision of excellent member benefits. The updated website provides…
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