Vodafone Group Pension Scheme
New Chair of the Trustee
After nine years of service, John Adshead stepped down at the end of 2016 as Chair of the Trustee Board. The Trustee Board expressed their thanks and appreciation to John for his valued contribution.
The new Chair, following John's departure, is Joanna Matthews who represents Capital Cranfield Pension Trustee Limited as an independent Trustee Director on the Board.
Prudential buy-in policy (CWW section)
The assets of the CWW Section include a bulk annuity, or buy-in, policy with Prudential. On 1 October 2016 the Prudential moved responsibility for this policy from Prudential Retirement Income Limited (PRIL) to The Prudential Assurance Company Limited (PAC).
There were no changes to the policy terms and conditions nor to member benefits in the scheme.