See below for a timeline of events regarding the changes to Pace.
The Trustee wrote to all Pace DB members informing them which section of Pace they will become a member of later in 2018. More information is available at pacepensions.co.uk/changes
If you are a member of Pace DC
Please note that if you are a member of Pace DC, these changes will have no impact on the money you’ve built up in your Pace DC account. Your Pace DC account will remain in Pace, as a separate account administered on the Trustee’s behalf by Legal & General, and it will continue to be invested for your retirement.
The Pace DC scheme will continue to have two separate sections, as at present – one for Bank employees and one for employees of the Co-operative Group and other employers.
The Trustee wrote to all members of Pace DB with an update on the planned changes to Pace.
Co-op Bank announces agreement to proceed with capital raise
Discussions regarding Co-op Bank capital raise