03457 65 65 65 / 0131 556 9090 info@plumbingpensions.co.uk Mon – Thu 9 am – 5 pm & Fri 9 am – 4:30 pm Search: Employer login The Plumbing and Mechanical Services (UK) Industry Pension Scheme was set up in 1975 with the aim of providing pension benefits for all employees of firms engaged in the Industry in the United Kingdom. The Scheme offered deferred benefits based on career average earnings. The Scheme is governed by a Deed set up under Trust Law and operated and administered by a Trustee Company, Plumbing Pensions (UK) Ltd, whose Directors are drawn from the following industry bodies: The Association of Plumbing and Heating Contractors (APHC) The Scottish and Northern Ireland Plumbing Employers Federation (SNIPEF) Unite the Union The Scheme currently has around 35,000 members. Full details of how the Scheme works can be found in our Scheme Guide. The Scheme ceased to be open to new members and benefit accrual from 30 June 2019. Actuarial Valuation The Plumbing Industry Scheme has a formal financial assessment called an actuarial valuation at least once every three years. The latest actuarial valuation was carried out as at 5th April 2020, and the Actuary found that the assets were enough to cover 99% of the Scheme’s liabilities, equating to a shortfall of £31 million. The Trustee and the Constituent Organisations agreed a Recovery Plan to eliminate the shortfall by November 2027. Annual update The Scheme’s Annual Report & Accounts for the year ending 5 April 2021 can be found here. Summary Funding Statement The Scheme Trustee is required to provide members and beneficiaries with an annual summary funding statement providing information from the Scheme’s latest financial health check. The latest statement from Autumn 2021 can be found here. Investment Strategy You can find information about the Trustee’s investment policies and strategy here. Plumbing Pensions Welcome to the Plumbing Industry Pension Scheme website. The mission of the Scheme is to provide cost-effective, efficient and secure pension arrangements for the plumbing, mechanical and allied services industry today and into the future. Privacy & Cookie Policy Terms & Conditions Media Enquiries Contact Us Phone: 03457 65 65 65 / 0131 556 90 90 Address: Bellevue House, 22 Hopetoun Street, Edinburgh, EH7 4GH We are open: Mon to Thur: 9 am - 5 pm Fri: 9 am - 4:30 pm Find us on: Linkedin page opens in new window News Member update 3rd December 2021 Governance Review 28th October 2021 Pension payments 28th September 2021 © Plumbing Pensions (UK) Ltd. All rights reserved.