On 31 January 2023, the Trustees received confirmation from National Grid that the sale of a majority stake in the Gas Transmission & Metering business, to National Gas Transmission (NGT), has completed. Additional information on the sale can be found here:
An update on the sale and its context for the Scheme will feature in the next issue of Pensions Update. The newsletter for Section B members will also include a business update from NGT and information from the Trustees.
Newsletters are issued by section each year and the latest are due out to members towards the end of February 2023.