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Helping you save for the future
The Norcros Retirement Savings Scheme is the Company’s defined contribution (money purchase) pension scheme. It is the only open pension arrangement within Norcros.
The Scheme is a Master Trust, which means there is a board of trustees who are responsible for looking after it. The Master Trust is a workplace scheme used by multiple employers, not just the Norcros group. It is provided by Legal & General, who are one of the UK’s largest pension savings scheme providers.
The Scheme allows you to build up a ‘pot’ of savings while you are working for Norcros, which you will be able to access after the age of 55, whenever you decide to retire. You pay in regular contributions and the Company pays in too. Together, we help you save for your future.
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The Norcros Security Plan is the Company’s defined benefit (final salary) pension scheme. It closed to future accrual in March 2013.
If you are a new employee, you will be invited to join the Norcros Retirement Savings Scheme, which is also the Scheme we use for automatic enrolment.
As a member of the Norcros Security Plan, you can log in and see your pension payslips (if you’re a pensioner) or benefit statements (if you’re a deferred member), update your personal details and find copies of the Plan’s documents. You can also find a copy of the Plan’s Statement of Investment Principles here.
Statement of Investment Principles
Implementation Statement
Chair's Statement
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Your workplace pension is one of the most valuable benefits.
If you are a current employee of the Norcros Group, the Company’s defined contribution pension arrangement is the Norcros Retirement Savings Scheme.
Contact Legal & General on 0345 070 8686.
If you worked for Norcros before March 2013, you might also have deferred benefits in the Norcros Security Plan. This Plan is now closed to future build-up of benefits.
Contact Barnett Waddingham on 01494 788869.