Changes to Pace completed on 6th August 2018
If you are a member of Pace DB
On 6th August 2018 two separate sections were created within Pace DB:
If the Trustee wrote to tell you that you would become a member of the Co-op section, click here for more about the changes.
Co-operative Bank Section
If the Trustee wrote to tell you that you would become a member of the Co-operative Bank Section, click here for more about the changes.
If you are a member of Pace DC
If you are a member of Pace DC, these changes will have no impact on the money you’ve built up in your Pace DC account. Your Pace DC account will remain in Pace, as a separate account administered on the Trustee’s behalf by Legal & General, and it will continue to be invested for your retirement.
The Pace DC scheme will continue to have two separate sections, as at present – one for Bank employees and one for employees of the Co-operative Group and other employers.
Click here for more information about the changes made to Pace.