This section of Silver Thatch Pensions website is dedicated to you. Your retirement savings are an important part of your future. Accordingly, it’s important you know how your pension arrangement works, how your investments are doing, and what’s new at Silver Thatch Pensions.
When you enroll in the Silver Thatch Pension Plan, you will be provided with a username and password that allows you to access your personal and confidential pension information through our online member services.
Each year, you will be invited to attend the Annual General Meeting of Silver Thatch Pensions. Notice of the time, location and business to be discussed will be provided at least 21 days before the meeting.
Every member is entitled to attend the meeting and vote on the business presented. Alternatively, you can grant a proxy to another person to attend on your behalf. Each member is entitled to one vote per business item.
Certain matters must be dealt with at the Annual General Meeting. These include:
- approval of financial statements for the preceding financial year,
- appointment of trustees,
- approval for (or change of) trustee remuneration (if any),
- a report on the terms and remuneration agreed to with agents who have been delegated administrative or investment duties.
- the appointment of auditors for the upcoming year, and
- presentation (every five years) of an actuarial report.
Other items of business will be added to the agenda, as required. You are encouraged to attend and vote on the business presented. Any resolution passed at a meeting will affect all members, even you – regardless of whether you attend or vote.
It is also a requirement that the trustees must be invested in Silver Thatch Pensions. To date, the trustees have all worked on a voluntary basis and have not requested compensation for their work.
Other meetings can be called at the discretion of the trustees or at the request of a minimum of 10% of members. A request by members must be presented to the trustees who are then required to convene a meeting.
Within 30 days of starting work with your employer, they should provide you with a copy of the Member Handbook, Investing for Life. The booklet outlines the key provisions of the Plan, as well as your rights and obligations under the Plan.
Each year, you will receive an annual statement for the plan year ending June 30th. For each quarter ending September 30th, December 31st and March 31st you will also receive a quarterly statement of your account.
You can also access personalised statements via the online member services. The statements posted on the website are updated monthly.