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Pension Overview

Scheme news

Article image for A new look for our Scheme

A new look for our Scheme

Following the demerger in 2019, we’ve been working with both the Company and our Communication Adviser on a full rebrand for our Scheme to tie in with M&G plc branding....

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Guaranteed Minimum Pension (GMP) explained

GMP is a minimum level of pension built up from 6 April 1978 until 5 April 1997 (inclusive) in a pension scheme (like our Scheme) that was contracted out of the additional State Pension....

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Let’s stay in touch

Staying in touch is really important as it means we can keep you up to date about your Scheme pension....

Article image for Important update about our Member Nominated Trustee Directors

Important update about our Member Nominated Trustee Directors

John Paino is the current Pensioner appointed Trustee Director and his term of office is due to end in July 2020. As a Pensioner member of the Scheme we would...

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Member Nominated Director - Election results

The Trustee of the Prudential Staff Pension Scheme recently sought nominations from the Active membership to fill the position of a Member Nominated Director...

Article image for Making sure that your Dependants receive their benefits on time

Making sure that your Dependants receive their benefits on time

A worry for us all is what happens to our loved ones if we are no longer there to provide for them. If you should die, the Scheme will pay:...

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Your communications — your way

We’re aware that many of you now prefer the more convenient, and environmentally friendly approach associated with digital, or online communications....

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PSAL merge with Xafinity

In last year’s edition of Overview we reported that the administration of the DB Section moved to PS Administration Limited (PSAL) with effect from 1 July 2017...

Article image for Happy birthday… Our scheme reaches a landmark

Happy birthday… Our scheme reaches a landmark

The 24 December 2018 was the Scheme’s 100th birthday, making it one of the longest running trust based pension schemes in the UK....