Summer continued to bring us good fortune, as we have reached more than 240,000 members and our assets are now more than £7 billion. We also continue to celebrate awards and further recognition from the industry.
In July 2015, we celebrated being awarded ‘Best Administration Provider’ at the Engaged Investor Trustee Awards, which recognised the proactive approach the Trust adopted to the April 2015 budget changes when it:
- contacted all members who were considering retirement before April to tell them that change was happening;
- created a project team to cover the interpretation of the legislation and its impact, the systems that needed to be updated and the communications that needed to be changed; and
- took all staff through a programme to make sure that they were competent in addressing the changes.
Chair, Sarah Smart, was crowned Independent Trustee of the Year at the same awards, against some stiff competition from the pensions industry.
The Trust was also a finalist for Best DB Scheme Innovation at the Professional Pensions Pension Scheme of the Year Awards 2015, coming right behind some of the biggest pension schemes in the UK.