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Howden – the new name for Barnett Waddingham
Our Scheme administrator, Barnett Waddingham, has changed its name to Howden.
Changes to pension salary sacrifice – but only from 2029
In the Budget on 26 November, the chancellor, Rachel Reeves, announced a cap on the amount of National Insurance (NI) savings that can be made when people pay their pension contributions using salary sacrifice.
Pension increase for 2026
Your Scheme pension is reviewed each year and is increased in April in line with inflation, as measured by the Retail Prices Index (RPI) for the previous September.
A change to the Trustee Board
We wrote to you in January 2025 confirming that the Trustee of the Scheme was required to run a process for the appointment of Member Nominated Trustee Directors (MNTDs), and inviting applicants.
A change to the Trustee Board
On 28 January 2025, Anh Duong resigned as a Company-appointed director of the Scheme.
Tax and your pension
The income you receive from a pension is taxable...