You will find new updates for participating employers here
The Trustee has sent all employers, who were active when the Scheme closed on 30 June 2019, a booklet about recent Scheme updates, covering these topics: Scheme closure Employer lock-in rule Summary funding statement Investment strategy Section 75 employer debt Employer Information events Sharing your contact details You can download a copy of the booklet…
We’re delighted that Plumbing Pensions (UK) Administration Ltd has recently achieved the Cyber Essentials certification. This: Gives a clear picture of our cyber security level. Helps us guard against the most common cyber threats. Provides reassurance that we’re doing what we need to do to prepare and secure our systems against cyber attack. You can…
The legal deed to close the Scheme has been finalised and signed. Copies of the deed are available to employers on request. The closure deed makes the following key changes: No new benefits will be built up in the Plumbing & Mechanical Services (UK) Industry Scheme after 30 June 2019. All members actively contributing on…
After over 40 years of providing good value low cost pensions to the UK plumbing industry, it has been decided that Plumbing Pensions will close to future benefit accrual from 30 June 2019. This means that no-one will build up any new pension benefits in the Scheme after 30 June. Plumbing employers will need to…
The Trustee and the Constituent Organisations that manage the Scheme have considered the consultation feedback but have not yet reached agreement on the next steps. This means that the Scheme may not close on 30 June 2019. If the Scheme does not close on 30 June 2019, employers and employees will need to continue contributing…
We have decided to run Employer Information Events this year on the following dates: Edinburgh – Friday 31 May Belfast – Monday 10 June Manchester – Tuesday 11 June Further information can be found here and you can register your attendance here.
The first employer debt estimates will be issued next week (from 4 February 2019). This is a week later than planned because the Actuary has taken into account all employer and member updates notified to us in recent months to ensure debts are fair and accurate. Debt estimates will be issued in phases between 4 February…
The Trustee Directors have recently agreed a Rule change with the Association (APHC), the Federation (SNIPEF) and the Union (Unite). The rule change extends the period to 30 June 2019 when no Participating Employer can cease to participate in the Scheme or be discharged from their past, present or future obligations under the rules without the…
Employer feedback supported the proposal to close the Scheme to future accrual. The Trustee has sent employers a booklet about the proposed Scheme closure consultation and important actions that employers must now take. It is important that these documents are reviewed and the necessary steps taken. Further information can be found here. Employers have until 7…
As a result of the consultations about closing the Scheme to future accrual, employers can no longer request a period of grace. Please get in touch with the administration team if you think you are going to have an employment cessation event which could trigger a section 75 employer debt in the near future.
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