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The 2023 Scheme AGM will be held virtually on Tuesday 21 November 2023 starting at 1pm – please register via instructions found in the AGM of Scheme Members 2023 document below.
- ELECTRICITY SUPPLY PENSION SCHEME ANNUAL REPORT AND FINANCIAL ...
The notable events in the Scheme year ended 31 March 2021...
- ELECTRICITY SUPPLY PENSION SCHEME ANNUAL REPORT AND FINANCIAL ...
The UK Power Networks Group of the Electricity Supply Pension Scheme (ESPS) is a legacy scheme. It was created for employees when the electricity industry was nationalised. We hold information about the Trustee Directors. Download our Statement of Investment Principles, Implementation statement and Chair's statement. Find out more.
The Electricity Supply Pension Scheme (ESPS) is a defined benefit pension scheme. It came into operation on 1 April 1983 when the Electricity Council amalgamated the two previous industry schemes.
The notable events in the Scheme year ended 31 March 2021 were as follows: • The Scheme paid benefits of £2.2 billion in the year and received contributions of £1.1 billion whilst the net returns on investments was £3.9 billion (net of fees); • The Scheme’s net assets have increased by £2.8 billion since the previous financial year- end, with to...
Nov 5, 2022 · Industry-wide pension scheme. The ESPS is an industry-wide pension scheme in which the Participating Employers are companies formed upon the privatisation of the electricity industry in 1990, associated companies, and companies established within the electricity industry since privatisation.
It identifies significant developments in technology for the generation, transmission and use of electricity; outlines developments in the structure of the industry including key organisations and facilities; and records the legislation and regulations that have governed the UK electricity industry.
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Mar 31, 2021 · The Electricity Supply Pension Scheme (“the Scheme”) is an industry-wide pension scheme. The Scheme has 26 actuarially independent sections known as “Groups”. Each Group has its own Trustees and assets to fund the benefits of its members.