The Member Nominated Director (MND) process is now complete and we’re pleased to announce that Richard Clarke and Alan Batley (formerly an Employer Nominated Trustee) have been elected for a term of five years. This closes the current MND process. The makeup of the Trustee Board is now:
Andy Jermy (Chair) Richard Archer Alan Batley Richard Clarke Greg Connell George Prior Piers Woolston
We are awaiting appointment of a new Employer Nominated Trustee by the company, and we will be in touch with further details about this appointment soon.
We have also made a note of those members who showed an interest in becoming an MND, but were not successful this time round, and will bear them in mind for any future elections that may be forthcoming.
You now have more options available to you at retirement in terms of how you take your pension… view the video to find out more and to discuss any of this further, contact Friends Life using the details provided under the Contacts tab.
The Barber Judgment and the equal treatment of men and women
Generally speaking pension Plan’s used to have different retirement ages for Men and Women for example; 65 for men and 60 for women. This practice was challenged in the European Court of Justice in 1990 and it was ruled that Trustees must pay equal or comparable benefits to men and women from that date.
How this changed the Dun & Bradstreet Pension Plan
The Dun and Bradstreet Plan equalised normal retirement ages for men and women, before the Barber judgment, on 6 April 1988. Before this date men had a normal retirement age of 65 and women had a normal retirement age of 60.
Any person that joined the Plan after 6 April 1988 has a normal retirement age of 65 regardless of gender.
Any person that joined the Plan before 6 April 1988 has a normal retirement age of 60 for their service between 17 May 1990 to 31 March 2004; a normal retirement age of 65 for service after 31 March 2004; and a normal retirement age of 65 or 60 depending on gender for service before 17 May 1990.