Through Brit Group Services Limited, the Group operates a funded defined benefit pension scheme, providing pensions benefits to its members. The scheme closed to new entrants on 4 October 2001 and closed to future accrual of benefits on 31 December 2011. The scheme is approved by HMRC for tax purposes and is subject to UK regulations overseen by the Pensions Regulator. The scheme is operated through a trust, which has assets held separately from the Brit Group. The trust is managed by a corporate Trustee, Brit Pension Trustee Ltd, whose board includes a professional independent trustee. The Trustee has overall responsibility for payment of the benefits and management of the scheme’s assets.
The scheme’s Statement of Investment Principles can be found here.
The scheme's Implementation Statement can be found here.
Any questions related to the scheme should be addressed to the scheme’s administrators, Lane Clark & Peacock LLP (Team-BritGroup@lcp.uk.com).