You will find news relating to your pension benefits.
We’re delighted that one of our beneficiary members, Mr Robert Tait, turned 100 on Saturday, joining our very small group of Plumbing Pensions Centenarians. We hope the 100th birthday celebrations went well. It’s great that the Scheme has been able to provide a steady income every month for 35 years. We hope that our group…
The Trustee has sent all members a booklet about recent Scheme updates, covering these topics: Summary funding statement Ending accrual Investment strategy Section 75 employer debt You can download a copy of the booklet here.
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…
After over 40 years of providing good value low cost pensions to the UK plumbing industry, it has been decided that the Scheme will close to future benefit accrual on 30 June 2019. This means that no-one will build up any new benefits in the Scheme after 30 June. Plumbing employers must auto enrol their…
We’re delighted that one of our beneficiary member turns 100 today, joining our very small group of Plumbing Pensions Centenarians. We hope the 100th birthday celebrations go well. Its great that the Scheme has been able to provide a steady income every month for so many years. We hope that our group of Centenarians continues…
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…
Please note that there is no increase to Contribution Rates from 6 April 2019.
The 29th March Brexit deadline when the UK is due to leave the European Union is getting close. We want to reassure members that we will continue to pay pensions as normal. There remains a lot of uncertainty about Brexit and how or when it might happen. We are monitoring the situation and taking steps to…
The Trustee has sent active members a booklet about the proposed Scheme closure consultation. The Trustee is considering whether to close the Scheme to future benefit accrual from 30 June 2019. If the Scheme closes to future benefit accrual, the Scheme will continue to pay benefits earned before 30 June 2019. Further information can be…
The Trustee has written to participating employers about a proposal to close the Scheme to future benefit accrual from a date to be agreed. The Trustee believes the increases in contributions needed to cover the cost of future benefit accrual would be unaffordable for many employees and employers. The Trustee is initially seeking feedback from employers.…
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