Hencilla Canworth (First Act) has established a new pension scheme for ITC Members to replace the current Performing Arts Pension scheme. The new improved scheme being based on existing schemes designed and administered for Equity and the Musicians’ Union.
The new scheme is now live with the old scheme now closed to new members. Download the basic details form the library on the right or to register your interest, please send your details to firstname.lastname@example.org
Provided and managed by Aviva, the UK’s biggest pension provider, the new scheme offers ITC members and their staff a pension scheme with a massive investment choice, low charges, and online access to their accounts.
More importantly for you as an employer, the scheme is compliant with the new pension legislation being pased in from October 2012.
With just one single pension, members will be able to invest contributions from a mix of employers, and can make their own contributions on a regular basis, or by one-off payments at any time.
Members who join the new scheme will be able to consolidate existing pensions by transferring them in if they wish. Members of the existing Performing Arts Pension Scheme will be offered a complimentary review of their current arrangements so they can make an informed decision on transfers.
Savings from other pension schemes can be transferred into the new Performing Arts Pension Scheme, subject to financial advice.