Member update
A members update was sent out this week. In the newsletter you can read about the actuarial valuation. If you have any questions or need to tell us about a change in your personal details, you can contact us here.
You will find news relating to your pension benefits.
Governance Review Update
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…
Governance Review Update
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.
Governance Review Update
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…
New SNIPEF Trustees
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…
Member update
The member newsletter and annual pension credit certificates for members who have not yet retired were sent out last week. In the newsletter you can read about the Scheme and find out the latest news. If you have any questions or need to tell us about a change in your personal details, you can contact…
Change in Chairman
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…
Governance Review
The Trustee Board and the three Constituent Organisations (Unite the Union, SNIPEF and the APHC) that oversee the Scheme have agreed to carry out a review of its governance structures. The Trustee Board has appointed an independent governance consultant, Pi Consulting (UK) Ltd (“Pi Consulting”) to help. The aim of the governance review is to:…
Petition to Court
The Trustee that runs the Scheme, Plumbing Pensions (UK) Ltd, has made a petition to Court of Session in Edinburgh to seek directions. The Trustee has asked the court whether it can continue to use Scheme funds for section 75 employer debt matters. Section 75 employer debt legislation is complicated and says that employers must…
Covid-19 (Coronavirus) update
I wanted to give you a brief update on our plans to continue paying pensions during this difficult period. Firstly, we would like to take this opportunity to say that we hope that you, your family and your colleagues remain safe through this period and our thoughts and best wishes are with you. Plumbing Pensions…
