This information is shared for your awareness
On 30 September 2024, the assets, liabilities, and members of Section B, were transferred to a new scheme, the National Gas Transmission Pension Scheme (NGTPS), sponsored by National Gas Transmission.
Section B members were kept informed of the planned changes in the run up to the transfer and given assurance that the move to the new scheme would result in no changes to their pensions or benefits.
In August 2024, the NGUKPS Trustees wrote to all Section B members to formally confirm the Transfer Date.
From 1 October 2024, former Section B members of the NGUKPS became members of the NGTPS. The Trustees of the new scheme plan to write to their new members during the second week of October 2024, to welcome them to the new scheme.
The transfer of Section B had no impact on Section A members of the NGUKPS. We’re providing this update to keep you informed of recent events. A full update will be provided in the next NGUKPS Pensions Update, along with the latest funding update and the usual round up of Scheme events.
1 October 2024