Lock-in Rule Consultation Extended
We’ve extended the deadline by a week to give as many employers as possible the chance to respond. Please see the consultation page and video below for more information.
You will find new updates for participating employers here
Employer Update
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…
Cyber Essentials
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…
Update about Scheme closure
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…
Plumbing Pensions to close on 30 June 2019
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…
Update – Proposed Scheme Closure
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…
Employer Information Events 2019
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.
Section 75 employer debt update
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…
Scheme Rule Change Notification
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…
Proposed Scheme Closure
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…
