How the scheme works

An employer registers in the scheme as a participating employer and registers their employees in the scheme within two weeks of the employee starting work with them.

For more information on how the scheme works for employers click here.

An account is set up in the member’s name. Both the employer and the member pay contributions into this account which is then invested (click here to see how the funds are invested) by the Trustee. Member's benefits are built up on a defined contribution basis and at retirement the money built up in this account is used to provide pension benefits.

For more information on how the scheme works for members Click here

Members can also top up their pension - with a little help from the taxman! and increase the amount of cash they can take at retirement by paying Additional Voluntary Contributions (AVC) Click here for a copy of our AVC booklet.

Members of the scheme are also covered for death in service benefit and sick pay benefit.

For more information on scheme benefitsclick here