2022-07-18
You will have received a recent communication to inform you that the Trustee has insured all the deferred and pensioner liabilities of the Scheme by entering into a buy-in policy with Pension Insurance Corporation plc (“PIC”) with effect from 22 June 2022.
The Trustee is pleased to announce this very positive step for the Scheme membership.
The Trustee’s decision has further improved the overall security of members’ benefits, partly because of the strong regulatory regime under which PIC operates and partly because the funding of future payments to members of the Scheme no longer relies on future contributions from EntServ Limited.
There will be no change to the benefits you are due from the Scheme and Equiniti will continue to pay benefits to all members as they fall due. Any requests made to the administration team are being dealt with in the usual way however there may be a small delay in processing these items whilst we are receiving a slightly higher number of queries from members.
To view this communication, please click here.
