You will find new updates for participating employers 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…
Today we welcome two new Directors to the Trustee Board – Garry Forster and Rudi Klein. Garry and Rudi have been nominated by the Scottish & Northern Ireland Plumbing Employers Federation (SNIPEF) but their role as Directors is to set aside all other interests and act in the best interests of all members of the…
Every three years the Actuary carries out a formal financial health check for the Scheme called an actuarial valuation. The Trustee has considered the preliminary results of the 2020 actuarial valuation and discussed the findings with the Pensions Regulator and the Constituent Organisations that control the Scheme (SNIPEF, the APHC and Unite the Union). We…
Every three years, the Actuary carries out a formal financial health check for the Scheme called an actuarial valuation. The Trustee appreciates that covid-19 has put significant financial pressure on many businesses and employers are anxious to know the results of the 2020 valuation. We are doing our best to progress the valuation as quickly…
The Scheme’s constitution requires the annual re-appointment of the independent trustee directors and the election of a Chairman. The Board has elected Jon Bridger as a new Chairman of the Trustee. Jon was originally appointed as an independent professional trustee Director in 2017 with a view to future succession planning, so he knows the Scheme…
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