WELCOME TO YOUR 2024 TRUSTEE NEWSLETTER
This report provides you with important pensions information.
This past year has brought some changes to pensions, including updates to pension tax allowances, which may affect how you save for retirement, Head over to our article ‘Autumn Budget and your pension’ to read more.
We value your feedback and are committed to continuously improving the communications you receive about the Plan. We appreciate everyone who took the time to participate in the member survey. As a result of this, the Plan website has had a major update to refresh the look, feel and navigation and content. These improvements aim to provide you with all the necessary tools and information to effectively manage your pension and achieve the retirement you desire.
As a reminder, our DB Plan Administrators, Buck has changed its name to Gallagher. Gallagher delivers high-quality pension administration services, and you can learn more about what they do in the ‘Buck is now Gallagher’ section.
In this issue we also look at the steps you can take to secure your pension from any potential cyber-attacks, in the ‘Pension scams and cyber security’ section.
We’ve included an update on the Pensions Dashboards Programme which is being set up to help track any pensions you may have.
This year's Trustee report does not include a formal scheme funding update as we are currently working on the April 2024 Scheme valuation. However, the Trustee remains confident that the Scheme will continue to pay benefits when they are due.
TRUSTEE UPDATE
We would like to extend a heartfelt thank you to Richard Archer, who retired from his role as a Trustee Director earlier this year. His contribution to the Plan has been invaluable. With his retirement, we will be holding a new Member Nominated Director (MND) selection process early next year and are currently seeking nominations (see the ‘Would you like to be involved with the running of your pension plan? section’). Please submit any interest before the 15 January 2025 deadline.
It’s important to make sure the details we hold for you are correct and we encourage you to log on to your Portal (see the 'Go digital with your pension’ section), where you can update not only your email address, home address but also your Expression of Wish online.
We are always keen to hear your feedback so please do let us know what you enjoy in this newsletter and any other items that you would like to see covered in future editions.
I wish you and your families well for the rest of the year and in the future.
Chair of the Trustee
Andy Jermy
Dun & Bradstreet (UK) Pension Plan