1st August 2019 Jane Kola comments in Pensions Expert on Mineworkers’ Pension Scheme surplus share uplift not transformational for the scheme
Former miners campaigning for the government’s fifty-fifty split of their pension fund’s surplus to be renegotiated have been told by their own trustees the impact of such a change could be underwhelming.
In July, trustees wrote a letter to members stressing that in the absence of robust investment returns and a big surplus, the impact on members’ pensions would be far from remarkable – perhaps as little as pennies a week for an average member.
Jane Kola noted that it is crucial that scheme communications explain the reality of changes clearly, “so that members are not misled in anyway”.
Read Jane’s comments in Pensions Expert
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