Prudential Corporate Pensions Trustee Limited (PCPTL)
Prudential Corporate Pensions Trustee Limited (PCPTL) is a corporate trustee company and was acting as trustee for the following three schemes, which wound-up with effect from 17 March 2021.
- The Prudential Money Purchase Masterplan,
- The Prudential Money Contracted-Out Purchase Masterplan, and
- The Prudential Group Pension Savings Plan
Former members of the schemes now have a plan in their own name
Benefits for former members are now held under a plan in their own name – a change sometimes referred to as ‘endorsement’. This change does not affect any income or benefits that former members or any beneficiaries are entitled to.
Copies of the policy documents for former members are available for download here:
Policy document for former Members of The Prudential Money Purchase Masterplan
Policy document for former Members of The Prudential Contracted-out Money Purchase Masterplan
Policy document for former Members of The Prudential Group Pension Savings Plan
If a paper copy is required please let Prudential know.
Please note: From 6 April 2024, the Lifetime Allowance referenced in these policy documents has been replaced with two new allowances - the Lump Sum Allowance and the Lump Sum and Death Benefit Allowance. For more information about these new allowances, visit pru.co.uk/tax
Information relating to the wound-up schemes
Although the three schemes noted above wound-up with effect from 17 March 2021, PCPTL wishes to still make information about them available.
The following relates to the final scheme year, which ran from 6 April 2020 to 17 March 2021 (to the date of wind-up).
On an annual basis the PCPTL Chair was required to publish a Governance Statement. This described the controls that had been put in place, together with any important decisions that may have been taken, to ensure that its primary aim, to monitor the schemes and act in members’ best interests, was met.
The Directors of PCPTL
All of the trustee directors were chosen for their skill, knowledge and wide experience in pension provision in the UK and each is an acknowledged expert in specific aspects of pension provision.
The current Chair brings considerable expertise in investment strategy and asset management. He is an expert on how well, and how reliably, a member’s pension pot should grow.
Current Directors of PCPTL:
Director |
Director’s Role |
|---|---|
John Nestor |
Independent Chair |
Bruce Rigby |
Independent Director |
Stuart Paton Evans |
Director |
More information
Automatic enrolment & qualifying workplace pensions
The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties.
Would you like to use your Prudential plan for qualifying purposes?
If you would like your plan to qualify under the new rules, we may be able to help you, but you will need to let us know six months before your staging date.
Understand your obligations
The Government has created an employer responsibility to automatically enrol eligible jobholders into a good pension plan, and to make contributions to it.
Things to think about
The rules are now in place and there are a number of issues you will need to consider to practically implement the regulations.
Better workplace pensions
On the 6th April 2015, the Government introduced additional requirements for workplace pensions.
Contact us
If you are an Employer and want to discuss how we can work together or to find out more details about our corporate solutions, please contact us.
"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.