Plumbing Pensions to close on 30 June 2019

Plumbing & Mechanical Services (UK) Industry Pension Scheme publishes on its website:

“After over 40 years of providing good value low cost pensions to the UK plumbing industry, it has been decided that the Scheme will close to future benefit accrual on 30 June 2019.

This means that no-one will build up any new benefits in the Scheme after 30 June. Plumbing employers must auto enrol their employees into a different pension arrangement from 1 July onwards.

We are writing to active members to explain what closure means for their benefits in the Scheme. Scheme closure does not affect members already receiving a pension or with a deferred pension that has not yet started.

The Scheme is in a really good financial position with enough money to pay all the benefits members have already built up. We plan to write to all the Scheme’s members over the summer with an update on the Scheme’s latest financial assessment.”

Continue reading by going to the source: Click Here

Source

Receive our alerts newsletter

Related Alerts

No related alerts found.

Latest Alerts

Grow your Institutional Business

Don’t hesitate to contact us if you have any questions.

Herengracht 162
1016 BP Amsterdam
The Netherlands

Email: info@exelerating.com
KvK: 65727746
Btw: NL856234011B01

Privacy Statement

Exelerating

Top