Pension review - outcome

  Following the closure of the employee and union consultation period, the Company has communicated to all employees that from 1 December 2020 they will move to a new pension scheme within the Legal & General Worksave Pensions Mastertrust (‘Legal & General Mastertrust’).   The… Read more »

Pension review

  The Telefónica UK Pension Plan Trustee (the Trustee) and the Company set up a joint working party to review your DC pension benefit.  (Note that this does not apply to DB or final salary pension).  The Company has now opened an employee consultation on a… Read more »

LCP Accreditation

  Our DB Section Administrator, LCP, has recently been awarded PASA (Pensions Administration Standards Association) accreditation. This news demonstrates the high standards they operate to, which is to the benefit of our Plan members.     PASA’s main objectives is to improve pension administration standards and… Read more »

O2 and Virgin Media announcement

  You may have seen Telefonica Group's announcement to create a Joint Venture between Telefonica UK and Virgin Media in the UK. The Trustee and our advisers are proactively engaging with the Company around the details of the proposed JV to ensure that the interests… Read more »

Coronavirus- what should I consider for my pensions savings?

  Coronavirus- what should I consider for my pension savings? The global spread of the coronavirus has been an important contributor to the recent volatility in the financial markets. Members may be feeling uncertain as to what this will mean for their pensions. This depends on… Read more »