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A look back at 2020

For many of us, 2020 has been a difficult year. The COVID-19 pandemic has changed the way we live our lives and has caused a great deal of uncertainty. The Trustee wants to make sure you feel supported with regard to your pension with Babcock, and so has worked on a number of initiatives to keep you informed.

There was also a change to the Trustee Board this year. I would like to thank Kevin Goodman who stepped down as a Trustee Director during the year. During Kevin’s term he was both professional and enthusiastic and I thank him for his hard work and dedication to the Scheme and its members. He will be sadly missed by the Board. I’d also like to extend a big welcome to Dean Riggall who joins the Board. More information about the Trustee Board is available on the get in touch page.

April

We updated you on how we were dealing with the uncertainty brought about by the coronavirus pandemic.

May

We updated oneday… to make it easier to access information about the Babcock Retirement Savings Scheme (BRSS), without having to log in.

May

Aviva issued you with your 2020 benefit statement.

June

If you were registered for oneday… we sent you a reminder of your Target Retirement Age and investment choices and invited you to update them if needed.

August

If you weren’t registered for oneday… we sent you a reminder of how to sign up. Following the reminder, 4,000 members across the Group registered for oneday… and the Trustee would like to thank you all for providing your email address and helping us keep you informed on pension matters.

Now

We’ve developed a new pre-retirement webpage on oneday… which includes everything you need to consider in the run up to your retirement.

An update on the Lifetime Allowance

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA)...

April 2024