Pension Scheme

The final salary section of the Fenner Pension Scheme (‘the Scheme’) is a valuable benefit which was offered to employees of Fenner Group Holdings Limited (‘the Company’) until 1997, when it became a closed scheme to new members. The Scheme provides benefits for you and your family when you retire, as well as benefits in the event of your death.

Financial planning for your retirement is important because reliance on the State Pension system is unlikely to provide you with a comfortable level of retirement provision. Membership of the Fenner Pension Scheme is a great way of saving for your retirement, because you benefit from your employer’s valuable contributions. As a member of the Scheme, we strongly advise that you consult an independent financial adviser before leaving the Scheme or making alternative pension provision, as any decision you make now will affect your financial future.

This booklet provides only a brief guide to the Scheme rules. Full details are contained in the Trust Deed and Rules. The Trust Deed and Rules override this booklet where there is any inconsistency between them.

Salary Exchange

As a result of salary exchange, you do not pay the employee contribution and the Company pay this on your behalf (and your salary is reduced by the same amount). For more information on this, read the salary exchange guide. In this guide, you can also find out more information about how the Scheme works.

Useful Documents & Links

Implementation Statements

Statement of Investment Principles