INSIDE! FIND OUT HOW TO MIX YOUR - PRAG

MEET YOUR
TRUSTEES
The Scheme has four Trustees.
CAIN ASHWORTH (Member nominated)
“Just after joining the Company I remember
thinking that signing up for the Pension Scheme
was probably a good idea... only after settling in
as a Trustee in 2005 did I realise how big a benefit
our pension is and how important it will be later
on in life! I also didn’t realise that I would need
to think about other savings to make sure I had
enough to retire early or to keep the golf club
membership going!
As a Trustee I have learned so much about
the Company Pension Scheme, associated
legislation and investment markets and look
forward to helping more and more members take
greater interest in our Scheme, investment options
and their future.”
ALLISON CAMPBELL (Company appointed)
“In my role as the HR Director, I like to be involved
in the Pension Scheme to ensure that pensions
remain an important part of our employees’ total
reward package. Our Scheme is a very valuable
benefit from which all our employees can benefit.
When you are young it can be hard to think about
retiring, but as Trustees we have a responsibility to
make sure you are preparing for your future.”
ADRIAN DEVLIN (Company appointed)
“I enjoy being a Trustee and encouraging
members to take responsibility for their pension.
We live in changing times and I try to ensure that
all of our communications stress the importance
of being “pensions aware”. With the vast majority
of UK pension schemes now being defined
contribution, providing for retirement is very much
the responsibility of the individual. That is the
most important message that we, as Trustees, can
give to the members of the Scheme.’
TRUSTEES’
UPDATE
PENSIONSWISE QUESTIONNAIRE
Feedback from the questionnaire that was issued
with the last copy of PensionsWise was very
positive, and according to you it is interesting,
clear and easy to read.
Thank you to those who took the time to respond.
We hope you will notice some changes to this
year’s PensionsWise – for example the additional
story from one of our pensioners - where we have
tried to incorporate your comments. To gather
feedback from our members who are employed by
the Company, we will circulate an email internally
to ask for your views on this year’s issue. If you
are a pensioner or deferred member, we would
also like to hear any comments you may have, so
please write to us using the details on the back
page.
BENEFITS STATEMENTS
To help our members who are saving in the
Scheme to plan for their retirement, we redesigned
the annual benefit statements that we issued last
summer.
We hope to expand these statements next year, by
including information on state pension forecasts.
The Government’s Pensions Service has just
updated its processes for calculating your state
pension forecasts, which should allow us to
provide this information in future statements.
As Trustees we are responsible for the smooth
running of the Scheme. We ensure that the correct
contributions are paid on time, that the Scheme’s
assets are invested appropriately, and that the
Scheme is effectively administered.
BRUCE RAY (Member nominated)
“Being a member nominated Trustee is a
responsibility given to me that I appreciate
and will treat with the relevant due care and
attention it deserves to ensure the best
possible outcome for all members. In today’s
increasingly turbulent financial environment,
we are fortunate to have such a supportive
and stable employer providing such a great
benefit. It is the responsibility of all involved,
employer, trustees and most importantly
you as members to deliver a great benefit in
retirement’.
From left to right: Bruce Ray, Adrian Devlin, Allison Campbell, Cain Ashworth.