Employer update
Here’s a link to an employer update about the Scheme governance project.
You will find new updates for participating employers here
Here’s a link to an employer update about the Scheme governance project.
The employer ‘lock-in’ rule prevents employers from ceasing to be a Participating Employer of the Scheme without Trustee consent while the rule is in place. The Trustee and the Constituent Organisations have recently agreed to extend the employer lock-in rule by 12 months to 30 June 2023. A new Deed of Amendment to formalise the…
The Trustee, the two employer trade associations (SNIPEF and APHC) and Unite the Union would like to thank everyone who sent feedback on the governance change proposals. We have reviewed all the feedback received and considered whether the original governance change proposals remain appropriate. Some people sent questions, which we have answered in the this…
The Court has granted the key orders sought in the Trustee’s Petition. The court opinion brings to an end a long period of uncertainty and means the Trustee can move forward in pursuing unpaid employer debts, deal with any litigation that arises in connection with section 75 matters and continue to manage the Scheme to…
The Trustee’s investment approach is outlined in the Statement of Investment Principles (SIP), which is regularly reviewed and updated. Following advice from the Scheme’s investment consultant, the Trustee recently agreed minor changes to the Scheme’s SIP. The new SIP can be seen here and the changes to the SIP can be seen here. Employers are invited…
An employer news update was sent out this week. In the newsletter you can read about the latest funding and investment updates and other Scheme news.
We’re delighted to launch a consultation about changes to the Scheme’s governance structure. Our objective is to establish a transparent and efficient decision making structure which has clear lines of communication and avoids conflicts of interest. None of the proposed changes affect the benefits members have built up in the Scheme, but they will affect…
Owing to the Scheme’s closure to future benefit accrual on 30 June 2019 we have been reviewing how VAT is apportioned to employers. Please send feedback by 15 November 2021. The Scheme is intending to issue the VAT invoices for the 19/20 Scheme year in December 2021. You can find more information here.
The law requires the Trustee to pursue the section 75 employer debts due from employers who have not paid up. The Trustee has petitioned the Scottish Courts to provide directions. Last week the court issued a note to explain its reasons for declining to give directions to the Trustee’s petition at the current time. The…
An employer update was sent out this week. In the newsletter you can read about the actuarial valuation, petition to court and other news.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
More information about our Cookie Policy