31 October 2023
The new single trustee board for the GSK pension plans
In June 2023 we announced that the three pension trustee boards overseeing the GSK UK pension plans* would combine into one. The single trustee board is called the GSK Pension Plans Trustee Limited. On 1 October 2023 we completed the necessary legal documentation to allow the combined trustee board to govern all GSK UK pension plans.
Please read the previous news article for more detail.
We remain fully confident that the Trustee Directors, along with their advisers, have the knowledge and experience to continue governing the GSK UK pension plans to a very high standard. The new governance arrangements continue to have no impact on the benefits that members are entitled to.
Please contact us if you have any questions: UK.Pensionsteam@gsk.com
*GSK Pension Scheme, GSK Pension Fund, SmithKline Beecham Pension Plan, SmithKline Beecham Senior Executive Pension Plan and Glaxo Wellcome Contracted-out Money Purchase Scheme