About The Scheme
This site is for Deferred and Pensioner Members of the NEC Staff Pension Scheme (UK) only.
This Pension Scheme is a Closed Final Salary (DB) Scheme.
Scheme Background
Our Members
The NEC Pension Scheme was established to provide long‑term retirement benefits for eligible members. It is managed by a Trustee Board responsible for overseeing the Scheme’s administration, investments and governance.
A Deferred Member is one that has stopped paying into the scheme but is not yet receiving a pension. If you are a deferred pensioner your benefits are frozen. These benefits however attract an annual increase to take into account the cost of living.
A Pensioner Member is one that is currently receiving a pension from the NEC Staff Pension Scheme (UK) either as a previous deferred or active member or as a dependant of a deceased member.
OUR GOVERNANCE
Our Trustees
Trustees are appointed in accordance with the Scheme’s Trust Deed and Rules. The Board includes employer‑nominated and member‑nominated Trustees, each selected for their experience and ability to act in members’ best interests. All Trustees undergo regular training to ensure they meet regulatory standards.
| Trustee | Type | Appointed |
|---|---|---|
| Derek Ormond | Company Nominated Trustee | 16/06/1999 |
| Robert Green | Company Nominated Trustee | 20/01/2003 |
| David Sutherland | Company Nominated Trustee | 01/06/2006 |
| Mr David Lyons | Member Nominated Trustee | 27/01/2011 |
| Mr Finlay Black | Member Nominated Trustee | 27/01/2011 |
| Mr Alan Berck-May | Member Nominated Trustee | 27/01/2011 |
DISCONTINUING
Transferring out of the scheme
A pension transfer from a final salary (DB) pension scheme means giving up your benefits in the scheme in return for a cash value, which is invested in another pension scheme.
Before you start a pension transfer, you should take advice from a financial adviser (IFA) or The Pensions Advisory Service (who give independent advice on general pension rules and regulations) about your choice of pension scheme and make sure your new pension will definitely accept your transfer.
Read about pension scams (PDF)
You can transfer your pension to:
- Another registered pension scheme
- A non UK pension scheme that is a qualifying recognised overseas pension scheme (QROPS)
- The Pension Protection Fund (PPF) or Financial Assistance Scheme (FAS)
- Using your pension to buy a deferred annuity contract (also known as a section 32 buy out policy) is also an acceptable transfer.