Pensions Latest (UBPAS)

‌Closure of UBPAS & Transition to UBGPP

Managers and staff may recall the formal outcome of a consultation with colleagues in 2016 where closure of the UBPAS scheme at the end of 2019 was confirmed due to the ongoing financial challenge and concerns about sustainability of the scheme.

Throughout the consultation process, and subsequently, the University has remained committed to making pension provision available for all staff. Staff in the current UBPAS will therefore be auto-enrolled into the UBGPP scheme with effect from 1st January 2020. We believe that the transition to the new scheme provides a fair means for those staff to continue to save for their future.

UBPAS members should have now received their Members Benefit Statement and we would like affected staff to be well informed about their benefits accrued to date, the transition to and the benefits of the new scheme.

Awareness sessions for current UBPAS members have been scheduled as follows (no need to book):

9 September 10.30-12.00pm – Room 1.11, Old Council Chamber, Wills Memorial Building
9 September 1.30-3.00pm – Room 1.11, Old Council Chamber, Wills Memorial Building
17th September 10.30-12.00pm Room 3.32, Will Memorial Building
17th September 1.30-3.00pm Room 3.32, Wills Memorial Building
7th October 10.30-12.00pm - The Communal Building Training Room , Langford
7th October 1.30-3.00pm - Room 3.30, Wills Memorial Building

 

Please see link to the session slides here: Pensions Communications (Office document, 2,034kB).