News & updates
What's happening at the Scheme.
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Jul 2026 Pension increases Minimum retirement age to increase The Normal Minimum Pension Age (NMPA) will increase from 55 to 57, effective from 6th April 2028. This change means that most pension savers will need to wait until they are 57 before they can access their pension benefits without incurring an unauthorised payments tax charge, unless they are retiring…
Published
July 2026
Summary
The Normal Minimum Pension Age (NMPA) will increase from 55 to 57, effective from 6th April 2028. This change means that most pension savers will need to wait until they are 57 before they can access their pension benefits without incurring an unauthorised payments tax charge, unless they are retiring…The Normal Minimum Pension Age (NMPA) will increase from 55 to 57, effective from 6th April 2028. This change means that most pension savers will need to wait until they are 57 before they can access their pension benefits without incurring an unauthorised payments tax charge, unless they are retiring due to ill-health.
There are some exceptions to this rule, such as members of some public service schemes or those individuals who have a protected pension age, who will still be able to access their pensions at the earlier age specified in their pension arrangement.
The aim of this change is to keep the minimum retirement age at around 10 years below the State Pension Age, which is due to rise gradually from 66 to 67 between 2026 and 2028.
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Jul 2026 Inheritance tax Inheritance Tax on Pensions For deaths on or after 6 April 2027, most pension death benefits will be potentially subject to Inheritance Tax (IHT). The main exemptions are death benefits which can only be paid as: Pension beneficiaries and personal representatives will be able to require pension scheme administrators to pay any inheritance tax…
Published
July 2026
Summary
For deaths on or after 6 April 2027, most pension death benefits will be potentially subject to Inheritance Tax (IHT). The main exemptions are death benefits which can only be paid as: Pension beneficiaries and personal representatives will be able to require pension scheme administrators to pay any inheritance tax…For deaths on or after 6 April 2027, most pension death benefits will be potentially subject to Inheritance Tax (IHT). The main exemptions are death benefits which can only be paid as:
- Joint life annuities,
- Dependant’s scheme pension (including if trivially commuted), or
- Death in service benefits.
Pension beneficiaries and personal representatives will be able to require pension scheme administrators to pay any inheritance tax due directly to HMRC. Personal representatives and prospective personal representatives will also be able to require pension scheme administrators to hold back up to 50% of a beneficiary’s payment for up to 15 months to cover any potential inheritance tax liability.
Pension scheme administrators will have additional responsibilities, including:
- Providing personal representatives with the pension value within four weeks of death notification.
- Once beneficiaries have been determined, inform the personal representatives of the split between exempt and non-exempt beneficiaries.
- If an inheritance tax account is required, supply the beneficiary’s identity details and confirm benefit values.
- Provide the beneficiaries with information and support to make informed decisions.
- If the beneficiaries request, pay the beneficiaries’ inheritance tax to HMRC and issue an inheritance tax certificate to the beneficiary.
In terms of next steps, HMRC will develop reporting and payment processes and issue further guidance/tools for schemes before April 2027. In the meantime, the Trustee will monitor developments and prepare any internal processes as necessary.
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Jun 2026 Scheme updates Data Use and Access Act 2025 (DUAA) The Data Use and Access Act 2025 (DUAA) introduces a new requirement for Data Controllers (Trustees and Scheme Actuaries) to have a clear and accessible complaints handling process for individuals who wish to raise concerns about the use of their personal data. From 19 June 2026, Data Controllers must be able to demonstrate that:…
Published
June 2026
Summary
The Data Use and Access Act 2025 (DUAA) introduces a new requirement for Data Controllers (Trustees and Scheme Actuaries) to have a clear and accessible complaints handling process for individuals who wish to raise concerns about the use of their personal data. From 19 June 2026, Data Controllers must be able to demonstrate that:…The Data Use and Access Act 2025 (DUAA) introduces a new requirement for Data Controllers (Trustees and Scheme Actuaries) to have a clear and accessible complaints handling process for individuals who wish to raise concerns about the use of their personal data.
From 19 June 2026, Data Controllers must be able to demonstrate that:
- members are informed of how to complain and data protection matters; and
- complaints are handled through a documented, accessible process.
We recently reviewed the Scheme’s Privacy Notice to ensure compliance with the new requirements and this was updated where necessary. You can access the Privacy Notice here.
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Feb 2025 Scheme updates Pensions Dashboards update The Pensions Dashboards Programme is developing an online framework to enable savers to keep track of all their pension savings in one place. All schemes must connect by 31 October 2026. Once the framework is in place, the expectation is that multiple providers will connect to it. This will potentially…
Published
February 2025
Summary
The Pensions Dashboards Programme is developing an online framework to enable savers to keep track of all their pension savings in one place. All schemes must connect by 31 October 2026. Once the framework is in place, the expectation is that multiple providers will connect to it. This will potentially…The Pensions Dashboards Programme is developing an online framework to enable savers to keep track of all their pension savings in one place. All schemes must connect by 31 October 2026.
Once the framework is in place, the expectation is that multiple providers will connect to it. This will potentially give consumers a choice of where to go to monitor their savings. Providers are likely to include government-backed services such as MoneyHelper, pension providers and banks.
We will keep you updated on progress.
For more information, please click here: www.pensionsdashboardsprogramme.org.uk
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Sep 2024 Member services Retirement Living Standards The Pensions and Lifetime Savings Association (PLSA) has published updated figures for its Retirement Living Standards to reflect the increases in cost of living over the last year. The latest increases reflect the strong effects of rising prices in what’s needed to meet the cost of food and energy, as…
Published
September 2024
Summary
The Pensions and Lifetime Savings Association (PLSA) has published updated figures for its Retirement Living Standards to reflect the increases in cost of living over the last year. The latest increases reflect the strong effects of rising prices in what’s needed to meet the cost of food and energy, as…The Pensions and Lifetime Savings Association (PLSA) has published updated figures for its Retirement Living Standards to reflect the increases in cost of living over the last year. The latest increases reflect the strong effects of rising prices in what’s needed to meet the cost of food and energy, as well as a change in priorities for retired people following the COVID-19 pandemic.
The PLSA estimates that the annual cost of a minimum lifestyle increased by around 12% to £14,400 for a single person and to £22,400 for a couple; the moderate level saw the biggest increases, rising to £31,300 for a single retiree and to £43,100 for a couple; and at the comfortable level the cost of living increased to £43,100 for individuals and £59,000 for couples. There are separate, slightly higher figures for London.
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Feb 2024 Member services Member Roadshows During November, Susan Anyan (Chair of the Trustee) and Ian Emery (Pension Manager who works at Aon) attended the Doncaster and Willington Quay sites to deliver pension roadshows. Employees who are deferred members of the Scheme were given the opportunity to attend a seminar and book a one-to-one session to…
Published
February 2024
Summary
During November, Susan Anyan (Chair of the Trustee) and Ian Emery (Pension Manager who works at Aon) attended the Doncaster and Willington Quay sites to deliver pension roadshows. Employees who are deferred members of the Scheme were given the opportunity to attend a seminar and book a one-to-one session to…During November, Susan Anyan (Chair of the Trustee) and Ian Emery (Pension Manager who works at Aon) attended the Doncaster and Willington Quay sites to deliver pension roadshows.
Employees who are deferred members of the Scheme were given the opportunity to attend a seminar and book a one-to-one session to discuss pension matters.
The sessions were very well received, and we hope to repeat them again soon and also invite deferred members who have left Bridon.
If you are not currently employed at Bridon but would be interested in attending a pension roadshow in the future, please contact Ian Emery ([email protected] or 0121 262 5057).
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Jul 2023 Scheme updates Privacy Notice The Scheme has recently reviewed and updated its Privacy Notice. You can find a copy of the updated notice on the Privacy Notices page.
Published
July 2023
Summary
The Scheme has recently reviewed and updated its Privacy Notice. You can find a copy of the updated notice on the Privacy Notices page. -
Jan 2023 Trustee news An important change to the structure of the Trustee Board of the Scheme We would like to inform you about an important change to the structure of the Trustee Board of the Scheme that will take effect from 1 January 2023. As you are probably aware, the Scheme is currently governed by a board made up of five Trustee Directors who have, over…
Published
January 2023
Summary
We would like to inform you about an important change to the structure of the Trustee Board of the Scheme that will take effect from 1 January 2023. As you are probably aware, the Scheme is currently governed by a board made up of five Trustee Directors who have, over…We would like to inform you about an important change to the structure of the Trustee Board of the Scheme that will take effect from 1 January 2023.
As you are probably aware, the Scheme is currently governed by a board made up of five Trustee Directors who have, over the years, worked extremely hard on your behalf, to mitigate the risks to the Scheme and ensure that members receive the benefits to which they are entitled. This has led to a de-risking of the Scheme’s investment strategy and an improvement in the Scheme’s funding position.
Recent increasing burdens in terms of both regulatory and legislative complexity have acted as a catalyst and, in collaboration with the current Trustee Directors, Bridon has decided to replace the current Trustee Board with Capital Cranfield Pension Trustees Limited (“Capital Cranfield”), which will now act as a professional corporate sole trustee company for the Scheme.
Capital Cranfield will collaborate with a newly formed Member Engagement Group (“MEG”), updating it on the Scheme’s activities and sharing views on member issues. The retiring Member Nominated Trustee Directors have kindly agreed to form the initial members of the MEG.
Capital Cranfield has over 85 sole trustee appointments and is one of the leaders in this market. It takes a team-based approach to managing pension plans and the team responsible for the Scheme will be Susan Anyan and Ryan Ellett who, between them, have over 50 years of combined experience in pensions. They currently work with a number of other pension schemes and are supported by an internal governance team. Susan is already very familiar with the Scheme as she has represented Capital Cranfield as the professional trustee Chair of the Trustee Board since 2018.
We have attached a questions and answers document, which includes more detail about moving to the sole trustee basis. If, however, you have any questions that are not answered, please contact us at [email protected] or on 0345 268 8476.
Finally, Bridon would like to formally thank the outgoing Trustee Board members and their predecessors for the work and commitment they have put into running the Scheme.”
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Aug 2022 Member services Planning to retire early? The Government has confirmed that the earliest age most individuals can start receiving their pension benefits will go up from age 55 to 57 in 2028. This change is set out in the Finance Act 2022. It is designed to coincide with the change to the State Pension Age, which…
Published
August 2022
Summary
The Government has confirmed that the earliest age most individuals can start receiving their pension benefits will go up from age 55 to 57 in 2028. This change is set out in the Finance Act 2022. It is designed to coincide with the change to the State Pension Age, which…The Government has confirmed that the earliest age most individuals can start receiving their pension benefits will go up from age 55 to 57 in 2028.
This change is set out in the Finance Act 2022. It is designed to coincide with the change to the State Pension Age, which will rise from 66 to 67 between 2026 and 2028.
If you are thinking about retiring early and want to check when you can start receiving your Scheme pension, please get in touch with the Scheme administrators.
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Apr 2022 Member services Support at retirement through HUB The Scheme recently wrote to deferred members (those who have not taken a pension from the Scheme) to tell them about the increased support we are making available to those members who are within 12 months of the minimum retirement age (currently 55) to help with important decisions at retirement.…
Published
April 2022
Summary
The Scheme recently wrote to deferred members (those who have not taken a pension from the Scheme) to tell them about the increased support we are making available to those members who are within 12 months of the minimum retirement age (currently 55) to help with important decisions at retirement.…The Scheme recently wrote to deferred members (those who have not taken a pension from the Scheme) to tell them about the increased support we are making available to those members who are within 12 months of the minimum retirement age (currently 55) to help with important decisions at retirement. This includes:
- A new look retirement pack: the retirement pack explains the options available for taking Scheme benefits and what members need to do. The refreshed retirement pack will include login details for members to use a free online modelling tool (see next bullet for details).
- New online modelling tool for exploring your options: To help members, we are launching a new interactive online modelling tool, made available by our administrator AON, that lets members explore their retirement options, both within and outside of the Scheme. It allows members to see the potential income each retirement option could provide.
- Transferring benefits: from 1 April 2022, the retirement pack will automatically include an illustration of the transfer value that would be available, so there is no need to request this separately.
- Paid for Independent Financial Advice: Deciding how to take benefits is an important decision and members may want to take financial advice (and importantly, any transfer out of the Scheme with a total value of £30,000 or more will require independent financial advice).
We want members to make good retirement choices that reflect their circumstances. So, to help members fully understand their options, we have decided to give UK-based members the opportunity to receive independent financial advice on their options. This will be paid for by the Scheme and provided by an independent financial adviser called HUB Pension Consulting (or ‘’HUB’, for short). HUB are fully authorised to provide independent pensions advice and are regulated by the Financial Conduct Authority.
We took great care deciding which firm to select and you can read more about HUB on their website https://www.hubpensionconsulting.co.uk. If members ask for one, their retirement pack will include full details of how you can take up this offer of paid-for financial advice.
Following agreement with the Company, the Scheme has recently made a change to its rules to allow deferred members (those how have not yet taken a pension from the Scheme) to transfer out their benefits after their Normal Retirement Age. This will provide members with greater choice and flexibility.
Please contact the Scheme Administrator, Aon, if you would like more information
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Dec 2021 Trustee news Change to the Trustee board Following notification by Gareth Cook of his departure from the business, Gareth has also stood down as a Company Nominated Trustee Director. Jenny Nightingale-Newton will replace Gareth as Company Nominated Trustee Director on the Trustee board.
Published
December 2021
Summary
Following notification by Gareth Cook of his departure from the business, Gareth has also stood down as a Company Nominated Trustee Director. Jenny Nightingale-Newton will replace Gareth as Company Nominated Trustee Director on the Trustee board.
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