Is your organisation eligible?
Organisations who are, or are eligible to be, members of the following organisations:
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The National Housing Federation;
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Community Housing Cymru;
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The Scottish Federation of Housing Associations; or
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The Northern Ireland Federation of Housing Associations
are eligible to join the Scheme provided they hold suffiecient units of housing stock. Other non-profit distributing organisations that are connected with the social housing sector may join the Scheme, subject to approval by the SHPS Pensions Committee.
The Scheme’s code of practice states that employers must only offer SHPS to their staff (unless the alternative scheme is the Local Government Pension Scheme (LGPS), or equivalent). This policy was established to preserve the Scheme’s long-term financial security.
The Scheme administrator, The Pensions Trust, does most of the work on behalf of employers. The employer’s duties include the provision of contributions applicable to each member and payment by the 14th of the month after they are deducted from pay, together with the details for any employees joining or leaving the Scheme.
The role of The Pensions Trust extends to keeping employers and members informed about relevant new legislation or other requirements.
What to do next
For further information about the Scheme or to join, please contact the New Business Team at The Pensions Trust via telephone on: 0845 123 6660, email at: contact@thepensionstrust.org.uk, or in writing to the following address:
New Business Team
The Pensions Trust
Verity House
6 Canal Wharf
Leeds
LS11 5BQ