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/downloadFor the 2025/26 tax year, the State Pension increased by 4.1% , which is the increase in wage growth. This is part of the ‘triple lock’ system, which ensures that the StatePension rises each year by the highest of 2.5%, inflation, or wage growth.
Buck, the Scheme’s Administrator, was acquired by Gallagher in 2023, and officially rebranded in 2024. The administrator email address has now been updated to a Gallagher (AJG) address.
As you may be aware, the Scheme has entered into a number of bulk insurance contracts to match the benefits of a number of its pensioners, and one of these is with the insurance company Scottish Widows Limited (“Scottish Widows”).
