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…Details
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…Details
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…Details
As a result of the consultations about closing the Scheme to future accrual, employers can no longer request a period of grace. Please get in touch with the administration team if you think you are going to have an employment cessation event which could trigger a section 75 employer debt in the near future.