Pensions Governance

Pension scams

Pension scams are widespread across schemes, with scammers generally targeting individuals by phone, email, text, or even online advertisements. Scammers make false claims to gain the trust of scheme members, making attractive offers to encourage fraudulent transfers.

Further information on pension scams, including how to report these, can be found on the FCA page: How to avoid pension scams, as well as in the FCA pension scams leaflet

Persimmon Plc Pension & Life Assurance Scheme

The Persimmon Plc Pension & Life Assurance Scheme (the ‘Persimmon Scheme’) is a defined benefit scheme which was closed to new members in 2001. Active members of the Persimmon Scheme accrue benefits on a career average revalued earnings basis. The assets of the Persimmon Scheme are held separately from those of the Group.

Prowting Pension Scheme

The Group also operates the Prowting Pension Scheme (the ‘Prowting Scheme’), a defined benefit scheme. Benefits accrue on a career average revalued earnings basis. The assets of the Prowting Scheme are held separately from those of the Group.

Disclosures required by law

As required by law, each scheme’s Statement of Investment Principles and Engagement Policy Implementation Statement is available on the links below. The latest Summary Funding Statement of each scheme is also available on the links below.

Persimmon Plc Pension & Life Assurance Scheme

Statement of Investment Principles (SIP) 

Engagement Policy Implementation Statement (EPIS) 

Summary Funding Statement (SFS)

Prowting Pension Scheme

Statement of Investment Principles (SIP) 

Engagement Policy Implementation Statement (EPIS) 

Summary Funding Statement (SFS)