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.
The Trustee has sent employers today a short booklet about a proposal to close the Scheme to future benefit accrual. Please respond with your views on this important decision by 16th September 2018. The Trustee wants to hear from as many employers as possible. Please get in touch with the administration team if you have…Details
The Trustee has posted today its response to employers following the 2nd employer debt consultation. The response includes the next steps, the process to calculate employer debts and expected timescales. Please get in touch with the administration team if you have any questions or comments.
DWP has published its White Paper on protecting defined benefit pension schemes. The government doesn’t intend to make any changes to the employer debt provisions for multi-employer pension schemes because: if it made changes to help the Plumbing Pensions Scheme it would apply to all 1000 last man standing multi-employer schemes; it is not willing…Details