GSK Pension Scheme – Changes to the GSK Diversified Growth and GSK Lifecycle Funds We are writing to let you know that changes have been made to the GSK Diversified Growth and GSK Lifecycle Funds. Earlier this year, the Trustees amended the underlying allocations of both the GSK Diversified Growth Fund and the GSK Lifecycle…
Change of Pension Scheme Administrator for the GSK Pension Plan, SmithKline Beecham Pension Plan and SmithKline Beecham Senior Executive Pension Plan (“the Plans”) from 1 April 2020 We can confirm that the administration of the Plans has now moved from Equiniti to Willis Towers Watson. There is no need for you to take any action…
The Trustees recently asked active members of the GSK Pension Plan to complete a survey on ‘Sustainable Investment’, to help them understand member views on the topic. A relatively small population of the overall active membership responded to this survey (104 of 10,509 active members) and so whilst the results provide some idea of members’…
Companies that make unwanted, unsolicited phone calls to people about their pensions may face enforcement action, including fines of up to half a million pounds, from today (9 January).
The Trustees and GSK have recently undertaken a thorough review of the investment options available to members with DC benefits in the pension plans. We wanted to ensure that the range of investment options catered for changes introduced by the UK government in April 2015 (often referred to as Pension Freedoms) and provided investment options…
Change of plan administrator for the Glaxo Wellcome Pension Plan and Glaxo Wellcome Contracted-out Money Purchase Scheme (“the Plans”) from 1 June 2018 Aon Hewitt Limited currently carries out the administration for the Plans. Following a change in Aon Hewitt’s business strategy, the administration of the Plans will move to Willis Towers Watson with e ect…
Changes to the Data Protection Regulations effective from 25 May 2018 From the 25 May 2018, new Data Protection Regulations, known as the General Data Protection Regulations (GDPR), come into effect. Looking after the personal information (known as “personal data”) that we hold for you and all members of the Schemes is very important to…