We understand this is a very difficult time. If you’re a member of the McColl's Pension Schemes (TM Pension Plan or TM Group Pension Scheme), here’s what to do and who to call if you have questions about your pension.
The Department for Work and Pensions (DWP) has launched a consultation on a proposed regulation which will allow dependent child survivors of our members to take a gap year from full time education.
FAS payments are funded by the Treasury, so will not be affected by the difficult situation in financial markets. We’d also like to reassure you that we will be able to continue paying members as normal. Your usual payments will not change.
We understand that some of our members may need some extra help from time to time. We have a number of ways we can make things easier for you if you’re living with issues with your physical or mental health.
From time to time we consult on possible changes to our actuarial assumptions. You can find details of those consultations and their findings here. 2023 consultation on assumptions We are holding a six-week consultation on possible changes to the actuarial assumptions used for valuations carried out under section 143 and section 179 of the Pensions Act 2004.
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