In August 2023, we wrote to all members about an upcoming change to the Scheme’s Trustee arrangements, which would see the trustee company, QinetiQ Pension Scheme Trustee Limited (QPSTL) replaced by a sole corporate trustee, Dalriada Trustees Limited (Dalriada). As of 1 October, the first phase of this transition has taken place.
We’re always looking for ways to communicate better with you as a member of the QinetiQ Pension Scheme. With that in mind, we want to increase our digital communications, putting more of the information you need at your fingertips, and saving paper at the same time. Part of that has included the launch of this new website for the Scheme.
As part of our move towards digital communications, we’d like to send you emails instead of paper, when appropriate. Email is faster, safer, and better for the environment.
The last few years have seen an increase in pension scam activity, with savers being pressured into transferring their pensions into arrangements that might seem legitimate and promise a lot, but which result in people losing their money. We want you to be aware of the risks and know what to do if you are suspicious.
The budget announcement in March included the biggest shake-up in pensions for over a decade, with the removal of the Lifetime Allowance tax charge and an increase in the Annual Allowance. These changes became law in July when the Finance (No. 2) Act 2023 received Royal Assent.