It has come to our attention that the Company intends to make changes to the Trustee arrangements to the Chevron UK pension plan.

This will entail replacing the existing Trustee Board with a professional, single entity Trustee, appointed by the Company. This also means there will no longer be Member Nominated Directors (MND’s).

This action raises many questions. We have been in contact with the current Trustee Board and can reassure members that every effort is being made to ensure a smooth transition and safeguarding for all stakeholder’s rights under the Plan.

While we attempt to find out more information and in order to help you understand what this might entail here is a link you can follow

The popularity of Professional Corporate Sole Trusteeship – The Pensions Management Institute

We will contact our email connected members again as soon as we have some more information

D A HIGGINS
Chairman
CUKPA