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Latest news
31/03/2025
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PENSION INCREASES 2025 - The increase to Final Salary, Hybrid and Pre 2019 Money Purchase pensions in payment from April 2025 is 3.4%. The statutory increase to the Post 88 GMP this year will be 1.7%. The Increases to post 2019 Money Purchase pensions in payment from April 2025 are 2.5% for post 2005 pension and 2.8% for pre 2005 and AVC pensions. The increase confirmation letters are planned to be posted by 21st April but we will update the web site if this is likely to change. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
26/04/2024
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CHANGE OF BANKING ARRANGEMENTS - Please note that with effect from the April 2024 pension payment, due to a change of scheme banking arrangements, the name that will appear on your bank statement will change from Pearl Group Services to P.A.T (Pensions) Ltd. This will have no effect on your regular monthly pension payments.
20/03/2024
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PENSION INCREASES 2024 - The increase to Final Salary, Hybrid and Pre 2019 Money Purchase pensions in payment from April 2024 is 4.5%. The statutory increase to the Post 88 GMP this year will be 3%. The Increases to post 2019 Money Purchase pensions in payment from April 2024 are 2.5% for post 2005 pension and 3.4% for pre 2005 and AVC pensions. The increase confirmation letters are planned to be posted by 15th April but we will update the web site if this is likely to change. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
The Trustee Directors play a vital part in managing the scheme,The role of the Trustees can be found here. You can view the profiles of the current Trustee Directors below.
The information placed on this website is for ease of reference only. Whilst every effort is made to keep this information up to date, sometimes there is necessarily a delay in posting new or revised documentation and, as such, members should only rely on the printed documentation provided in relation to the Scheme, which is available from the Scheme Administrators. Members access this website on the basis that the Company and the Trustee of the Scheme will not be liable for any action taken in reliance on the information posted on it. If you have queries please contact us.
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