The Scheme is separate from the Partnership. It’s held in a Trust and looked after by us, the Trustee. It’s our duty to act in your best interests, and the best financial interests of everyone in the Scheme.
Many of the Trustee Directors who are part of the Trustee Board are Partners, so we really do bring your voice to the table.
Four Trustee Directors are current Partners elected by the Partnership Council, one is a current Partner appointed by the Partnership, and four are completely independent, appointed by the Partnership.
Chair of the Trustee
Partner Elected Trustee
Partner Elected Trustee
Partner Elected Trustee
Partnership Appointed Trustee
Appointed Professional Trustee
Appointed Professional Trustee
Appointed Professional Trustee
Partner Elected Trustee
You’re likely to be a member of the DB Section of the Scheme if you worked at the Partnership before 1 April 2015. XPS is the administrator of the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined the Partnership after 1 April 2015 will only have a Defined Contribution pension pot.
This is where you can find information about your current pension if you’re a Partner now, or were a Partner after 1 April 2015. The Defined Contribution pages are probably the most important for you.
Members who joined the Partnership before 1 April 2015 may also hold DC pension pots with Prudential or Legal and General, as well as a Defined Benefit Pension in the Scheme. We previously referred to this as Hybrid or Dual Benefit. This is because you may have joined the DC Section of the Scheme when you started working at the Partnership and then, after a defined waiting period (which depends on the date you joined the Partnership), you would have become eligible to join the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined after 1 April 2015 will only have a DC Section pension pot.
