NPF Closure Proposal – Outcome Announced

The outcome of the proposal to close the Nationwide Pension Fund (NPF) has been announced today. The NPF will close to future accrual on 31 March 2021. All affected NPF members will transfer to the Group Personal Pension (GPP) scheme from 1 April 2021.

Full details of the changes to terms and conditions are set out in the Joint Statement and the Union’s response to the closure is discussed in a Special Issue of Rapport.

Joint Statement: NPF Joint Statement Feb 2020

Joint Statement: Appendix One (Technical Document): JS Appendix 1 Tech doc

Joint Statement: Appendix Two (Consultation Summary):Consultation Summary

Special Issue Rapport (263 – Feb 2020): Special Issue 263 February 2020 – Nationwide Pension Fund Closure