News

Welcome to the ITB Online News Page.



This page contains our latest news and information for our members.

  • DC Funds and market volatility

    The spread of COVID-19 has contributed to a significant fall in share prices which has meant, for many members, a reduction in the value of your pension pot.  This can be worrying but needs to be seen in the context of long-term returns.  It’s to be expected that the value of individual pension pots will go up and down from time to time and it’s important to take a long-term view.  The ITB Pension Funds lifestyle options aim to protect members pots from falls in share prices to a certain extent, by switching assets to less risky investments as each member comes closer to retirement.  See the latest DC Section Newsletter for details of how the lifestyle options’ assets are allocated.    

     

    For comprehensive information about what DC Section members should consider when assessing their pension pots in the light of the impact of COVID-19 see L&G, the DC Section investment manager’s website at https://www.legalandgeneral.com/workplace/campaigns/covid-19/.

    Category: General Posted: Apr 3, 2020

  • ITB Pension Funds and Coronavirus Update

     

     

    Category: General Posted: Mar 25, 2020

  • Closed Fund Pensioner Trustee Appointment

    The Funds' Office is now able to announce that Mr Maurice Alston was the only nomination received for the Closed Fund Pensioner Trustee position and is therefore appointed with effect from 4 April 2020, for a period of three years.

    Category: General Posted: Feb 4, 2020

  • Master Trust Authorisation

    It has been confirmed that The ITB Pension Funds has been authorised as a Master Trust by the Pensions Regulator.

    Category: General Posted: Oct 11, 2019

  • SIPS and Chairman's Statement 2019

    The Statements of Investment Principles and Chairman’s Statement, which is included in the Report & Accounts, are available on this website – follow Useful Links from the home page then look in the Library.

    Category: General Posted: Oct 10, 2019

  • GMP Equalisation

    GMP Equalisation

     

    Category: General Posted: Nov 19, 2018

  • General Data Protection Regulation (GDPR) – Important Announcement

    With effect from 25 May 2018 the European General Data Protection Regulation (“GDPR”) will come into force. It will implement a number of significant changes in relation to the way personal data is held and processed.

    Category: General Posted: May 25, 2018

  • People 1st Cessation of Participation in the ITB Pension Funds

    With effect from 26 March 2018 People 1st were no longer an active Employer in the ITB Pension Funds.

    Category: General Posted: Apr 4, 2018

  • ITB Open Fund - Appointment of Pensioner Trustee

    The Funds' Office are now able to announce that further to a ballot of Open Fund Pensioners Mr David Barnett won this ballot and was therefore reappointed as the Open Fund Pensioner Trustee with effect from 6 October 2017, for a period of three years’

    Category: General Posted: Oct 27, 2017

  • Summary Funding Statements

    For the latest summary funding position

    Category: General Posted: Aug 26, 2015