Plumbing scheme to close to accrual after 40 years

James Phillips
clock • 4 min read

The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.

After extensive consultation with employers and members, launched last July, the 35,000-member scheme will cease accruing benefits, over 40 years after it was set up. Without closure, total contrib...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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