Everything you need to know about the Group and who looks after the Scheme.
ABOUT THE GROUP
The National Grid Electricity Group of the Electricity Supply Pension Scheme (the NGE Group of the ESPS) is a registered pension scheme under Chapter 2 of part 4 of the Finance Act 2004. It is currently a qualifying pension scheme for the purposes of automatic enrolment legislation under the Pensions Act 2008.
The NGE Group is a defined benefit pension scheme. The sponsoring employer of the Scheme is National Grid Electricity Transmission plc, a subsidiary of National Grid plc. For more information about the NGE Group, including the latest Group Annual Report & Financial Statements, please click here.
Following the privatisation of the Electricity Supply Industry, the ESPS was restructured in 1990, as an industry-wide scheme for non-associated employers. The restructure involved dividing the Scheme into a number of Groups, one of which is the NGE Group. The assets of the Scheme were divided between and transferred to these Groups, which are actuarially independent of each other. For more information about the ESPS, please click here.
The NGE Group is overseen by the Group Trustee Board. The Group Trustee believes in providing a positive experience for members and for everyone dealing with the Group. For more information about the current Board, please click here.
The Group was closed to new joiners in 2006, although a small number of former Gas Scheme members were transferred to the Group during 2022, as a result of reorganisation within the Company.
Former Gas Scheme members
Former Gas Scheme members are a special category of members who pay different contributions and receive certain different benefits from the rest of the NGE Group. If this applies to you, some of the general information available from this website is applicable to you while information about your core benefits is likely to be different. Please look out for notices on this website where information is specific to you or not relevant. Please click here to access information specifically for former Gas Scheme members.
THE PENSIONS ADMIN TEAM
The benefits are administered by the Group’s pension administration team at Railpen.
COMPLAINTS
If you have a complaint about your NGE Group pension or benefits going forward, please contact Railpen.
The team will always try to resolve complaints outside of the formal dispute procedure. If that’s not possible, you can raise a formal complaint through the Internal Disputes Resolution procedure. Please speak to Railpen in the first instance.
KEEP UP TO DATE WITH THE GROUP
Newsletters
The Group Trustee issues a regular newsletter called Pensions Brief, which includes the annual Summary Funding Statement each year and any changes in the Group’s funding position since the previous update. The newsletters include articles of general interest and relevance to members. Back copies can be found here. The latest valuation results for the Group are available here.
The Group website
The Group website provides latest news and updates about the Group, as well as wider pensions issues, which may be of use and relevance to you.
Please click here for latest news updates.
Email updates
If you’re registered online, the Group issues updates by email from time to time when useful information is available. To subscribe, please register with PenNet.