Here you'll find various documents that can help you get a better understanding of how the Scheme is run. Some of these are formal documents that we’re legally required to make publicly available, such as the Statement of Investment Principles and Implementation Statement.
In this section we give you the latest news from the Scheme and the world of pensions more widely, including articles on any changes that could affect your retirement planning.
The Scheme is closed to new members, apart from where a spouse or dependant joins the Scheme to receive a pension due to the death of a member.
If you're thinking about transferring your Scheme pension to another arrangement, or if you're going through a divorce, you'll need to know how much your benefits are worth.
The key objective of the Scheme is to provide members with an income in retirement. The level of pension you will receive will be based on how long you were a contributing member of the Scheme and on your salary at the end of that period.
The Scheme may pay benefits to your loved ones following your death. The actual benefits payable will depend on what pension you built up in the Scheme and whether you have started receiving it.
New members
Transfers and divorce
Retirement benefits
Death benefits
Here you can find important documents that will help you understand how the Scheme works and what’s behind the investment decisions the Trustee makes.
Go to the LibraryQuick links to important documents
Implementation Statement 2024
View/download
Summary Funding Statement 2021
View/downloadCyber scams in the UK are unfortunately becoming more common, and scammers’ techniques more sophisticated. This is a serious issue that can have devastating consequences for individuals’ finances, including pensions. Here are some actions you can take to avoid falling foul of scammers online.
From 6 April 2006 until 5 April 2024, pension savings were subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you could build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000.
On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget, setting out the Government’s key commitments and objectives for the UK economy.
While 2023’s Budget contained significant changes to pension taxation, there were no such announcements this year. Instead, the main takeaway for pension schemes was a push to deliver better value for savers and increase investment in the UK economy.
