Welcome to the pension website
People who joined the pension scheme before April 2006 are likely to be members of the defined benefit section of the Electricity North West Group of the Electricity Supply Pension Scheme.
People who joined after April 2006 are likely to be members of the LifeSight Master Trust.
A quiet Spring Statement for pensions
As expected, the Statement provided an update on the UK economy and public finances, reflecting the Office for Budget Responsibility (OBR)'s latest forecasts.
While the Chancellor outlined the government’s broader economic plans, no major policy changes were announced. Notably, there were no new measures affecting pensions. This is consistent with the government’s intention to hold only one major fiscal event each year - the Autumn Budget.
The OBR noted that its forecasts do not factor in the rapidly developing situation in the Middle East, as its analysis was completed beforehand. We are unable to speculate on how these global events may influence future government policy or the wider economic outlook.
