Updates to members’ pensions
In September 2024 we wrote to members affected by a High Court ruling and a change to pensions law. The change meant we had to check a part of some members’ pensions known as Guaranteed Minimum Pension (GMP). We’re doing this to make sure that men and women are being treated equally.
We consulted with these members on our proposal to convert GMP to ‘normal’ pension in the Scheme.
Following the consultation and after taking into account members’ feedback, we confirmed we will proceed with the proposals.
If you do not have GMP you are not affected by these changes, so we did not write to you.
Already taking your Manweb Group pension?
If you have GMP, we sent you a letter in September 2025.
If that letter included figures for how your pension is affected, you're in phase 1. If it did not include figures, you're in phase 2.
Phase 1 We updated your pension in February 2026. | Phase 2 We’re aiming to write to you again with an update in 2027. |
If you were eligible, we also wrote to you about Pension Increase Exchange. | If you were eligible, we wrote to you about Pension Increase Exchange in September 2026. |
Not taking your Manweb Group pension yet?
If you have GMP, and you retire after we complete our calculations, we’re aiming to convert your GMP into normal pension before your Scheme pension starts to be paid. If you retire before then, we will include you in the work we’re carrying out for the already retired members and write to you after your retirement to confirm if your pension will change and whether you are due a back payment.
On this website you can
This website is from Manweb Corporate Pension Trustee Limited (‘the Trustee’) of the Manweb Group of the Electricity Supply Pension Scheme (‘the Scheme’).