We understand that information about pension schemes can be complicated. This website has been designed to help you find everything you need to know about the Manweb Group of the Electricity Supply Pension Scheme (ESPS) - ‘the Scheme’ - including details of how your benefits are calculated in various circumstances.
This section of the website provides a brief explanation of the Scheme benefits for contributing members only. If you are no longer in Pensionable Service and are not yet in receipt of your pension you should visit the section for deferred members.
If you are receiving your pension from the Scheme, you should visit the section for retired members.
You can obtain an illustrative transfer value or illustrative early retirement quotations by logging into Mercer's online member portal, www.benpal.com (If you require log in details, you can request these by contacting the Mercer helpline numbers). For some members, due to complexities in the way your benefits are calculated, you will be unable to view illustrative figures on Benpal. If this is the case, you should contact the pension scheme administrator, Mercer, to request a transfer value quotation.
You should consider taking independent financial advice before making any decision which could affect your pension. ScottishPower and the Trustee cannot give you individual financial advice. You can find out more about using an adviser on the MoneyHelper website.