A brand-new DC pension scheme Pension savings for members in the Pace DC scheme have recently been moved to our new pension arrangement, the Co-op Retirement Savings Plan. Read more
Are you a member of Pace DB? If you have a Pace DB pension, whether it’s in payment or not, we will be sending you a letter that includes a statement of your pension benefits along with further information about the upcoming transfer of your benefits to an insurer (the “buy-out”). Please keep an eye out for your letter which we will send from Friday 28 August. To find out more about the upcoming buy-out, please visit www.protectingpace.co.uk. More info
Additional security for Pace DB members On 24 November 2023 the Pace Trustees purchased an insurance policy from Rothesay Life, which guarantees the payment of Pace DB members’ benefits in the Co-op Section and provides additional security and reassurance for members. The Trustees remain responsible for ensuring Pace is run in the best interests of its members and are pleased to have successfully agreed this new policy to further enhance the support and protection Pace offers to its members. Members don’t need to do anything.
Legal & General's Care Concierge Service Legal & General, the administrators have recently launched a Care Concierge Service. The service is available to all employees in the UK, not just pension scheme members, covering England, Scotland, Wales and Northern Ireland. You can access information online, and via a confidential phone line with a care expert who can guide you every step of the way. Your care expert will be able to assist with any later life care questions, whether you are planning ahead for yourself or supporting an older family member. They can provide information on: care funding options, finding care, benefit entitlements and much more. Call your care expert on: 0808 189 3195 Or visit the online platform: https://care.legalandgeneral.com/workplace/ Read more
Member Online Since April 2020, the majority of Pace pensioners have been able to access their pension information online, keep their own details up to date and view, print and save P60s and payslips. Over 1,000 Pace pensioners have signed up so far! Click on the register button to sign up! Register