NAUTILUS AT WORK
FUTURE Big changes are afoot for the Ensign Retirement Plan over the coming year – and Nautilus believes they will deliver long-term benefits for members in the maritime industry…
he Ensign Retirement Plan (ERP) – established in 2015 with the support of Nautilus – is the only pension scheme designed exclusively for employees in the maritime industry, whether shore-based or at sea. Much has altered in the pensions landscape since the Plan was launched, and this year will see further regulatory change under a new Master Trust authorisation regime. With change comes opportunity. The Plan recently announced some significant improvements so that employers and members continue to get value for money, and to ensure the scheme remains sustainable and meets its overall aim of delivering a decent retirement income and the best possible retirement solutions for those working in the maritime industry. These changes, which come into effect over the course of the 2018/19 scheme year, are explained on the facing page.
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