Issued on: 5 January 2011
The Pensions Trust membership now over 150,000
The Pensions Trust, the leading multi-employer occupational pension fund in the UK for the Third Sector, announces that The Oxford Diocesan Board of Finance is the latest employer to transfer its defined benefit scheme to The Pensions Trust.
The Oxford Diocese is the fourth largest in the Church of England and The Oxford Diocesan Board of Finance Staff Retirement Benefit Scheme joined The Pensions Trust in December 2010.
Sally Wildman, Personnel Manager of The Oxford Diocesan Board of Finance, said: “The Oxford Diocesan Board of Finance believe that there are advantages in transferring the day-to-day running of its pension arrangements to a specialist provider. It is hoped that this will increase efficiency, reduce time, and remove the pressure and increasing regulatory burden upon the Trustees of The Oxford Diocesan Board of Finance Staff Retirement Benefit Scheme who currently manage the existing scheme.”
This now brings The Pensions Trust total membership to over 150,000.
Stephen Nichols, Chief Executive of The Pensions Trust, said: “We are pleased that The Oxford Diocesan Board of Finance has joined The Pensions Trust where we are committed to providing the highest level of expertise and support for our members. We believe this is one of the reasons that our membership has now passed 150,000 for the first time since we began over 60 years ago.”
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