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…Details
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…Details
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…Details