The Trustee of the Funds has decided to transfer members’ built-up DC pension pot to another pension scheme and wind-up the DC Section of the Funds. Following the transfer and wind-up, if you are currently employed by a participating employer and making contributions (an “active member”) your employer will continue to provide the same DC benefits as provided now, but through a different pension scheme.

More information can be found in the announcements below, issued to all DC Members.