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Administration
The RWE Group and the Group Trustees
The RWE Group is an occupational pension scheme established under trust. The RWE Group forms part of the Electricity Supply Pension Scheme (the ESPS).
The RWE Group’s assets are separate from the Principal Employer’s assets and are managed by the Group Trustees.
The Group Trustees have a wide range of duties and obligations, which include paying benefits, investing the RWE Group’s assets, and making sure that members’ interests are protected.
The Group Trustees are either appointed by the Principal Employer or by RWE Group members. All the Group Trustees have equal rights and responsibilities.
HMRC status
The ESPS is a registered pension scheme for the purposes of HMRC. This means that the RWE Group benefits from the tax reliefs available to pension and can offer a tax efficient way of saving for your retirement.
RWE Group documentation
The RWE Group’s governing documents
The RWE Group is governed by a trust deed and rules. The trust deed and rules is a legal document that sets out how the RWE Group should be run and how the Group Trustees should administer the benefits under the RWE Group.
Annual Report
The Group Trustees produce an audited annual report and accounts each year. You can get a copy of the RWE Group’s annual report by contacting the Administrator of RWE Group, WTW.
Statement of Investment Principles (SIP)
The Group Trustees prepare and maintain a Statement of Investment Principles for the RWE Group. This explains the principles the Group Trustees use in managing the scheme’s investments as well as the investments used to fund benefits.
Implementation Statement
The implementation statement reports on information on various aspects of the Group's Statement of Investment Principles (SIP).
Taskforce on Climate-related Financial Disclosures (TCFD) Report
The TCFD report sets out the process for the RWE Group to meet the TCFD requirements, in accordance with the Pension Regulator's interpretation of those requirements.
Contact WTW for copies of the trust deed and rules or the Annual Report.
Visit LIFETRACK to view the SIP, Implementation Statement or TCFD report.
Disclaimer
This guide is a summary of the main provisions of the RWE Group relevant to you and your benefits. It is not, and is not intended to be, a summary of every detail of the RWE Group or to cover every set of circumstances.
The RWE Group’s detailed benefit provisions are set out in its formal governing documents, the trust deed and rules. This guide summarises the benefits provided by the RWE Group and its related provisions. Whilst every effort has been made to summarise the benefits and provisions of the RWE Group accurately, if there are any differences between this guide and the trust deed and rules, the trust deed and rules (as amended from time to time) will apply and override the terms of this guide.
This guide is dated January 2025. Every effort has been made to ensure the guide is up to date and accurate at the time of writing, however, subsequent changes to the RWE Group’s governing documents, applicable legislation and/or the tax regime may consequently affect its accuracy or completeness.