You will find new updates for participating employers here
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.
The Trustee Board and the Constituent Bodies that manage the Scheme (APHC, SNIPEF and Unite the Union) are making good progress on the governance review project. All four parties have been working through the detailed proposals, which is taking time given the Scheme’s complexity. Once agreement has been reached on the proposed way forward, the…
The Trustee Board, the APHC, SNIPEF and Unite the Union are fully committed to the project and all four parties are making good progress. However, there is a considerable amount of work involved in the Scheme’s governance review project. You can find out more here.
Pi Consulting has completed its review of the Scheme’s governance arrangements. Representatives from the Trustee, employer trade associations and the union are currently considering the recommendations and how they might work in practice. Once agreement has been reached on the recommendations to take forward, we will write to all the Scheme’s members and participating employers…
The Trustee and Constituent Organisations have recently agreed a new Deed of Amendment to the Scheme’s Rules to extend the employer lock-in rule by 6 months to 30 June 2021. The lock-in rule prevents employers from ceasing to be a Participating Employer of the Scheme without Trustee consent while the rule is in place. A…
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