24 Mar 2020

An update on Covid-19

Please be assured that we have taken all necessary steps to ensure that we will still be able to pay and process members’ pensions as usual, even if the Government implements a total lockdown of all but the most essential services.

We have robust business continuity plans in place that will allow us to continue to operate in the event of a crisis or disaster. We will still be able to pay pensions as usual, and deal with your enquiries, even whilst the Pensions Team work from home.

The Trustees are also keeping a close eye on the Scheme’s investments, and in consultation with the Scheme’s investment consultant and the Company, are considering if and how we react. We are confident that our relatively conservative investment strategy, and strong covenant, will enable the Scheme to manage through these difficult times.

We have also confirmed with our investment and other providers that their business continuity plans are equally robust.

We are taking every step to proactively manage the situation and reduce any disruption of service that may potentially be caused by Covid-19.

We’ll provide updates via this website as the situation continues to progress. In the meantime, please keep safe and follow NHS advice