The employer ‘lock-in’ rule prevents employers from ceasing to be a Participating Employer of the Scheme without Trustee consent while the rule is in place. The Trustee and the Constituent Organisations have recently agreed to extend the employer lock-in rule by 12 months to 30 June 2023. A new Deed of Amendment to formalise the…
DetailsThe Trustee, the two employer trade associations (SNIPEF and APHC) and Unite the Union would like to thank everyone who sent feedback on the governance change proposals. We have reviewed all the feedback received and considered whether the original governance change proposals remain appropriate. Some people sent questions, which we have answered in the this…
DetailsThe Court has granted the key orders sought in the Trustee’s Petition. The court opinion brings to an end a long period of uncertainty and means the Trustee can move forward in pursuing unpaid employer debts, deal with any litigation that arises in connection with section 75 matters and continue to manage the Scheme to…
DetailsThe Trustee’s investment approach is outlined in the Statement of Investment Principles (SIP), which is regularly reviewed and updated. Following advice from the Scheme’s investment consultant, the Trustee recently agreed minor changes to the Scheme’s SIP. The new SIP can be seen here and the changes to the SIP can be seen here. Employers are invited…
DetailsAn employer news update was sent out this week. In the newsletter you can read about the latest funding and investment updates and other Scheme news.
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