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Latest news

24/03/2021 - PENSION INCREASES 2021 - The increase to pensions in payment from April 2021, in line with the Rules of the Scheme is 1.4%. The statutory increase to the Post 88 GMP this year will be 0.5%. 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.

21/12/2020 - Pensioners pay for December will be paid on the 23rd December

22/07/2020 - The trustees of the Pearl Group Staff Pension Scheme have appointed The Tracing Group to help locate pension scheme members they have lost touch with. If you receive a letter from The Tracing Group you can be confident this is genuine and not a scam. If you would like further reassurance, you can check with First Actuarial, the scheme’s administrators. Further information can be found by clicking here.



Latest News

24/03/2021 - PENSION INCREASES 2021 - The increase to pensions in payment from April 2021, in line with the Rules of the Scheme is 1.4%. The statutory increase to the Post 88 GMP this year will be 0.5%. 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.
21/12/2020 - Pensioners pay for December will be paid on the 23rd December
22/07/2020 - The trustees of the Pearl Group Staff Pension Scheme have appointed The Tracing Group to help locate pension scheme members they have lost touch with. If you receive a letter from The Tracing Group you can be confident this is genuine and not a scam. If you would like further reassurance, you can check with First Actuarial, the scheme’s administrators. Further information can be found by clicking here.
25/03/2020 - PENSION INCREASES 2020 - The increase to pensions in payment from April 2020, in line with the Rules of the Scheme is 2.5%. The statutory increase to the Post 88 GMP this year will be 1.7%. The increase confirmation letters are planned to be posted by 17th April but we will update the web site if this is likely to change due to the current situation with Corona Virus. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
17/03/2020 - Coronavirus Update - As you are aware the changes being implemented to deal with the Coronavirus outbreak are having an effect on all industries. During this difficult period you can of course still request information on your pension in the Pearl Group Staff Pension Scheme, but we would appreciate it if members could either refrain from making non-urgent requests or specify the urgency when you make the request. We normally aim to process all requests within 8 working days, however, please note that during this difficult period we are prioritising work to ensure that new pensions are set up, urgent payments are made and existing pensioners continue to be paid on time. If your request is not urgent or time critical it may take longer than normal for us to provide the information requested. We would appreciate it if you do not chase for non-urgent information during this time. Thank you in advance for your co-operation and understanding.
12/03/2020 - The Trustee's Report to members for the year ended 30 June 2019 has now been sent to all members. A copy of the report can be found under the Short Reports section of the Members Documents page here
14/02/2020 - Latest update on the AON Managed Active UK Equity Fund here.
16/12/2019 - Update on the AON Managed Active UK Equity Fund here.
10/12/2019 - Pensioners pay for December will be paid on the 23rd December
03/07/2019 - Important information about the AON Managed Active UK Equity Fund here.
20/03/2019 - PENSION INCREASES 2019 - The increase to pensions in payment from April 2019, in line with the Rules of the Scheme is 2.5%. The statutory increase to the Post 88 GMP this year will be 2.4%. The increase confirmation letters will be posted from 5th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
27/11/2018 - Pensioners pay for December will be paid on the 21st December.
09/05/2018 - The current data protection law is being replaced by the General Data Protection Regulation (GDPR) on 25 May 2018. All members will receive a letter and a GDPR Privacy Notice about this.
20/03/2018 - PENSION INCREASES 2018 - The increase to pensions in payment from April 2018, in line with the Rules of the Scheme is 3.6%. The statutory increase to the Post 88 GMP this year will be 3.0%. The increase confirmation letters will be posted from 6th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
12/03/2018 - Each year the Trustees of the Scheme produce a short report that contains a summary of the Annual Report & Accounts for the Scheme and details of any current Scheme issues. A copy of the latest Short Report recently issued to members can be found here.
01/12/2017 - Pensioners pay for December will be paid on the 22nd December.
21/03/2017 - PENSION INCREASES 2017 - The increase to pensions in payment from April 2017, in line with the Rules of the Scheme is 3.2%. The statutory increase to the Post 88 GMP this year will be 1.0%. The increase confirmation letters will be posted by 7th April. If you have any queries on pension increases there is a Questions and Answers document available on the website here.
02/03/2017 - Each year the Trustees of the Scheme produce a short report that contains a summary of the Annual Report & Accounts for the Scheme and details of any current Scheme issues. A copy of the latest Short Report recently issued to members can be found here.
21/11/2016 - Following the Scheme's Actuarial Valuation in 2015 the valuation report has now been issued to all members of the Scheme. Scheme Funding Update .
31/08/2016 - Deferred members have a statutory right to ask for one transfer value statement in any 12 month period. The Trustees charge £250 for any subsequent transfer values requested within a 12 month period.