A message from the Trustee of the ScottishPower Pension Scheme (the Scheme)
New regulations introduced under the Pensions Act 2021 mean that members themselves, rather than their adviser, will have to provide more information in relation to their transfer and prompt responses will be crucial.
You should have received an announcement from the Trustee explaining that Mercer will assume the scheme administration service on 17th January 2022. This and other scheme developments are contained in the latest newsletter which can be accessed here.
As a result of the increased market uncertainty caused in part by the COVID-19 global pandemic, financial regulators are expecting to see a surge in pension scams.
In response to the potential spread of coronavirus (COVID-19), we continue to closely monitor the situation and take action to minimise any impact on the day to day operation of the Scheme.
The development of a single, public, financial guidance body is underway.