We have made it very easy. There is no need to transfer members’ benefits with all the complications that can bring in terms of negotiating a transfer, consulting with members, obtaining the relevant actuarial certificates required and reviewing new scheme documentation.
A simple deed of amendment and substitution is executed under which the current trustees retire, Cheviot Trustees Limited is appointed and the Scheme’s participation in the master trust is confirmed. Your own scheme rules continue to apply but the scheme will then be included within the umbrella of the Cheviot Trust, benefit from the governance arrangements and have access to the investment facilities
Cheviot then deal with the rest of the transition. Click here for more details of the Transfer Process.
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