The Scheme has today sent by recorded delivery letters to employers who have participated in the Scheme and according to the Scheme’s records have triggered a section 75 employer debt. If you receive a letter and require addtional information please get in touch with the Administration Team for support. Or if you disagree with the…Details
The Pensions Regulator has come across a number of instances where employers had agreed to opt staff out of a workplace pension before they’d been enrolled. Whether your intentions are to make things easier for your staff or avoid paying into their pension scheme, the law is the same. They can’t opt out before you…Details
The Plumbing & Mechanical Services (UK) Industry Pension Scheme (the “Scheme”) has recently completed a buy-in with Legal & General. This involved exchanging nearly £570 million of the Scheme’s assets, primarily government and corporate bonds, along with cash raised by selling a small amount of UK equities, for a bulk annuity policy from Legal &…Details
Click picture to download your copy of the latest employer update.
We are excited to launch our new and refreshed website. The updated site includes changes to content, navigation and is responsive for using on a range of devices. The Plumbing & Mechanical Services (UK) Pension Scheme has a rich history of working with employers in the provision of excellent member benefits. The updated website provides…Details