I’m pleased to introduce the latest update from the Hanson Industrial Pension Scheme (the “Scheme”).
The past year has been full of change and uncertainty, so now for the remainder of the year we hope for more stability and security. The Trustee continues to work to ensure the stability of your pension by continuing to monitor the Scheme’s investments closely and take whatever actions we deem necessary to protect members’ benefits.
However, with the rising cost of living it’s important to remember that if you are feeling the pressure financially, there are resources available to offer you support. You might want to look at this page for some help and advice. At such times don’t forget that pension saving is a long-term investment, and you shouldn’t make any hasty decisions.
We’re excited to announce we have launched a new version of the online pension portal! The new platform places all the information you need at your fingertips. With enhanced security and an improved user experience, it’s an easy and accessible way to view and manage your pension savings.
I’d encourage you to register for your online pension account if you haven’t done so already. Activating your account means we can communicate with you electronically which saves paper, is better for the environment, minimises delays and goes towards reducing the costs of running the Scheme.
It’s important that you keep your personal details up to date, so you don’t lose touch with your pension. You can do this online via our secure member website, or get in touch with the Scheme administrators, using the contact details below:
Regrettably, as affected members will know, the Scheme’s administrator, Capita, was subjected to a cyber incident in March this year. Further information can be found here. Although we are not aware of any resultant fraudulent activity to date, we encourage all members to remain vigilant of any suspicious activity.
And lastly, your benefit statement is now available for you to view. I would strongly recommend you go in and have a look at this important document, as it tells you how much you’ve got in your HIPS DC pension account, how much your pension could be worth at retirement, and how you could increase your pension.
