Updates from the Trustee regarding planned changes to Pace are below.
The Trustee wrote to all members of Pace Complete with an update on the planned changes to Pace. Further information for Pace Complete members is available on a dedicated website at www.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.
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