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Pensions

Welplan is no longer taking new employer applications

Welplan is exiting the master trust market and is no longer accepting new employer applications. This does not affect existing pension members whose scheme continues until a suitable receiving master trust is found.  (See Existing Pension Schemes page for full details).
 
The decision comes in direct response to The Pensions Regulator’s incoming new master trust regulations, which makes it increasingly difficult for a growing medium-sized scheme such as this to compete effectively in the new master trust pensions' market. As a result, following a strategic review by Welplan Ltd (the Scheme's Funder) Welplan Ltd has very reluctantly made the decision that it will not be possible to continue to support the scheme in the long term in the manner envisaged by the new authorisation regime, and so the scheme must begin to close.

 

Welplan Pensions will be transferred to a new master trust and until then nothing will change for existing members.

 

Please be assured that the Scheme will continue to operate exactly as it does now until such time as the Trustee Board has chosen a suitable alternative default pension arrangement. On-going security of existing pensions remain unaltered - please visit the pensions security page for details.

 

 

The changes to pensions will not affect our employee benefits program which has been running since 1960, and this will continue to be developed and grown.

 

Welplan continues to offer a wide range of benefits you can select for your employees, and you can tailor make the perfect package for your business. 

 

Why choose Welplan to provide your employee benefits package?

Completely flexible

One size doesn't fit all. Choose the package of benefits that's right for your employees

Team of experts

We have a skilled team of experts available to help you choose the most appropriate set of benefits 

Cost effective

Our benefits are managed as part of a large group scheme, meaning administration is centralised

Carefully selected

We have a carefully selected range of benefits, including bespoke benefits to satisfy industry agreements