Across FirstGroup, we have a number of pension schemes across our different business units. On this website, you can find the contact details of the administrators of all the various pension schemes who can help you with any specific queries you have. We have also included a page with some frequently asked questions about our pension schemes in general.
The Group Pensions team is a group of pensions professionals based at the Point in London and King Street in Aberdeen. We provide a variety of pension-related services and support for the Group and our operating companies. We also communicate regularly with our trustees, pensions schemes, pensions providers, asset managers, legal advisors, government and regulatory bodies.
What we do:
We are primarily a finance function, focussing on managing the company's risks in relation to our legacy defined benefit pensions schemes. We also develop the retirement savings strategy, working with HR to incorporate this into the wider reward strategy. Our main activities are:
- Overall management of the Group's pension arrangements.
- Development and delivery of pensions strategy.
- Working closely with pension plans to develop and implement investment strategy.
- Pensions risk management.
- Ensuring compliance with pensions legislation and internal standards of operation.
- Driving effective and efficient delivery of scheme obligations.
- Managing trustee relationships.
- Preparing accounting disclosures.
What we do not do:
We do not offer any of the following:
- Pensions advice.
- Communication with the Pension Schemes on your behalf.
- Starting your retirement.
- Pensions administration.