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A.E.S.P

Represents the interests of members and dependants of those in the electricity supply industry’s pension schemes.

Join/Renew/Donate

 

The AESP is an organisation that relies upon the support of its members. Membership is only £10 per annum - to join renew membership or donate click below

NEWS & CURRENT ISSUES

LATEST ANNUAL REVIEW

CPI V RPI

The High Court has given leave for a group of pensions scheme trustees to challenge the government over proposed move from RPI to CPI. The government now has to formally respond to the claim it is expected that a formal hearing will be some time away .

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ESPS PENSIONS 2022

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The ESPS is linked to the RPI figure as published be the office of National Statistics in September. This year RPI was running at  4.9% we are awaiting confirnation that most ESPS will rise by this as of April 2022.

RPI V CPI

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Concern is growing over the government plan to replace the PRI with CPIH.
The Association has participated in the consultations and is opposed to the changes as they are likely to result in reduced pensions. The Ford, M&S and BT Pension funds have been granted permission to start legal proceedings to protect members benefits. We are saddened that none of the electricity schemes has joined the campaign.

CHANGING PAYMENT OPTIONS

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Companies are always coming up with new approaches to pensions payments. With so many schemes we are reliant on members advising us of changes in their own schemes. Please keep us updated.


For example, UKPN has written to over 55’s regarding an option where part of the pension is exchanged in return for an annual payment prior to normal retirement age. Concerns have been raised about the operation of this scheme and funding implications. The Association has written to the company with these concerns and seeking clarification.

BENEFICIARIES PENSIONS

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Is the partner/beneficiary sum shown on your benefits statement less than you were anticipating We have been involved in rectifying errors in the calculations. If you think you may affected click here

IS YOU EXPRESSION OF WISHES UP TO DATE ?

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Many will have made an expression of wishes sometime ago. Times change and it is very important that you expression reflects your current wishes. To find out more click here

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JOIN THE ASSOCIATION

Membership of the Association is only £10 per annum. You can join by completing an application form - link below or online send £10 and we will contact you with your membership details.

CAN YOU HELP

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The Association has a Board of volunteer directors. We try to represent all electricity pensions and welcome volunteers to help us in our work. If you are interested in helping please get in touch

CLAIMING YOUR DEFERRED PENSION

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We receive many enquiries from scheme members who left companies and deferred their pensions. Now they are approaching retirement they are anxious to trace their pension. Often changes with the ownership of companies may make this difficult to trace - we have produced a guide to help.

PENSIONS ADMINISTRATORS

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To find your administrators e-mail address see below

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We have a facebook page and intend issuing newsletters electronically if you are interested in learning more sign up