stagecoach group plc pension scheme

Current trading and outlook Our Group has made a good start to this financial year to 30 April 2011 and current trading remains in line with our expectations. The Group also operates a defined contribution plan for all eligible employees under a master trust arrangement provided by Standard Life Assurance. Seattle Genetics, Inc. with ticker code (SGEN) have now 17 analysts in total covering the stock. Stagecoach Group plc is an international transport group, with operations in the UK, United States and Canada. Stagecoach Group plc 10 Dunkeld Road Perth PH1 5TW. Stagecoach Group Pension Scheme provides retirement benefits to Stagecoach Group employees. The principal UK scheme (the Stagecoach Group Pension Scheme) is made up of two Sections; the Main Section and the London Section. No Action Required. Perth-based bus and rail giant Stagecoach Group plc said on Monday it has agreed an extension to the period of time covered by waivers of bank covenants. Registered Number: 100764. Stagecoach Group plc. %PDF-1.5 %���� Katie Loudon PA to Bruce Dingwall, Group Financial Controller Stagecoach Group plc 10 Dunkeld Road Perth The Statement of Investment Principles for the Stagecoach Group Pension Scheme can be found here for the Main Section and here for the London Section. The company's three main businesses are UK Bus (regional operations), UK Bus (London), and UK Rail. Trading statement . ... MARITIME AND TRANSPORT WORKERS PENSION SCHEME TRUSTEE LIMITED (01008371) Company status Active 01/2013–PRESENT. Bidders for these franchises were asked to bear full long-term funding risk on relevant sections of the Railways Pension Scheme. We're working hard to keep our services running for essential journeys, however there may have been some changes to timetables in your area. 09 October 2020 . ��]��U���J��r2�&3)�] H��@��@����@@�����1��0��4ȇ���X��e:�R�F�����(�G���h�Dp��L��?��. 3 0 obj <>>> Registered Office: 10 Dunkeld Road, Perth PH1 5TW, Scotland, Registered in Scotland. The assets of the Group’s defined benefit HMRC registered pension schemes are held under trust, separate from the assets of the Group and are invested with a number of independent fund managers. x��=ko�8���?��݋�"�D���d��$���n�0�:��6&�����̿���C�D��n�n�d�X,֋E�ً������z��ً�asy�_U�>}��5������_�>aU��ʈ��Ҧ�eW}���IS]�ǏO����y}"W���Zm�ru =�]�O��~l�� ���ڏ������[�����O�����'k�Zuq��@빺��ڴ�{� The other trustees of the principal UK scheme include senior management executives of the Group. "The fact that Stagecoach Group Plc wanted all the lashings and profits of the railway without any of the risk of the railway pension scheme is one … In compliance with Regulation 23 of the Occupational Pension Schemes (Scheme Administration) Regulations 1996 the Trustees’ Annual Report and Audited Financial Statements includes a Chair’s Statement setting out information in relation to the governance standards applicable to Money Purchase schemes, including Additional Voluntary Contribution schemes. In mid-April, Stagecoach said it had been disqualified from the three franchise competitions because of “non-compliant” bids, “principally in … Description of the business . 04/2013–PRESENT. <> The scenario shown reflects a 20% fall in the value of pension scheme assets post 2019 and a reduction in the discount rate applied to liabilities from 5.7% to 2.7% (reflecting the views of the Pensions Regulator on private pension schemes more widely). The range between the high target price and low target price is between 140 and 95 with a mean TP of 123. The Stagecoach Group Pension Scheme is a fully sectionalised HMRC Registered Pension Scheme, with each Section established as a multi-employer non-segregated occupational pension scheme for associated employers. The Directors of Stagecoach Group plc are pleased to present their report on the Group for the year ended 28 April 2018. Those already members of the Stagecoach Group (Routes 1, 2, 3 members) and Local Government Defined Benefit Pension Schemes. Stagecoach Group plc is today (9 October 2020) providing a trading update in respect of its financial year ending 1 May 2021, ahead of a series of meetings with analysts. The Sse PLC. Registered Office: 10 Dunkeld Road, Perth PH1 5TW, Scotland, Registered in Scotland. We know many of you will be looking for information for how lockdown will affect our services. INVESTOR FACTSHEET TAX STRATEGY. Stagecoach said it maintains a “solid financial position” with investment grade credit ratings and available liquidity of over £800 million. THE STAGECOACH PENSION TRUSTEE COMPANY (NO.2) LIMITED (SC354495) Company status ... Stagecoach Group Plc, 10 Dunkeld Road, Perth, Perthshire, United Kingdom, PH1 5TW. BUS, COACH AND TRAM SERVICES IN THE UK The Chair’s Statement for the scheme year ending 30 April 2020 can be found here. The combined deficit under IAS 19 at 31 December 2019 was £90.0 million (Dec 2018: £116.8m). West Coast Partnership, where Stagecoach was part of a joint bid with Virgin Group and SNCF. The Senior Board oversees and considers pensions at a strategic level and all matters affecting the Group’s pension schemes from the perspective of the Group’s shareholders and other stakeholders. Stagecoach Group PLC. ... Stagecoach Group plc. Introduction . For tickets, timetables and enquiries, visit our companies, TRAIN AND TRAM SERVICES IN THE UKFor tickets, timetables and enquiries, visit our companies. The chair of trustees of the principal UK scheme is a professional trustee who served for eight years as a fund member elected representative on the Pensions & Lifetime Savings Association investment council, and is a past Trustee Chair of the Railways Pension Scheme. 2. Immediate access to either a defined benefit or defined contribution pension scheme, supported by employer contributions. Southern Gas Networks PLC… Analysts. A number of members chose to boost their pension savings during active membership by making Additional Voluntary Contributions to the scheme. stream 2 0 obj We also consult our major shareholders in developing policy. endobj ��5�G̿Q0�1�4m�����:�k�V������:f�e�rMU�u5׀��T�׿>}�w����y�lF����ݗ�4��M���#���BĹ�ˢ�(`�n�F)��2c�d�ճ�8ҷ�/���O��u���d����dl236ݐ�A%����Z(ǒ�^�߻�������"���+@��ZV�VV�һ��X�F@R"M��f�4���j��' y�JjJ%�W�N�u�2��U%`U1'}��K���J���3\ն�EC=���8�m����Q�X��m�^S�6t�]p� �f��՚��gb"2|"tK�;� *���p�3X�ʾ���!�D6P10--JD$^s�)��������܋����'.k��U����ى��n Chairman. Shares of Perth-based transport giant Stagecoach Group plc fell about 5% on Wednesday after it said it has been disqualified from the current three UK rail franchise competitions by the Department for Transport (DfT) due to concerns over pensions. ... Stagecoach Group Pension Scheme. HALF-YEAR RESULTS UPDATE. Stagecoach Group Pension Scheme. 10/2011–PRESENT. Both Sections are closed to new members; Main Section is closed to future accrual but the London Section retains some legacy active members. Stagecoach Group plc is today (9 October 2020) providing a trading update in respect of its financial year ending 1 May 2021, ahead of a series of meetings with analysts. Stagecoach Group Pension Scheme provides retirement benefits to Stagecoach Group employees. 4 0 obj This document is solely for use in connection with a briefing on Stagecoach Group plc (“the Group”). The Company operates bus, coach, train, and tram services. This is at a time when The Pensions Regulator is seeking additional funding because of serious doubts over the Government's ongoing support for the industry-wide scheme. STAGECOACH GROUP PENSION SCHEME (“the Scheme”) CHAIRMAN’S STATEMENT REGARDING DEFINED CONTRIBUTION (“DC”) GOVERNANCE FOR THE PERIOD 1 MAY 2018 TO 30 APRIL 2019 This statement is produced pursuant to Regulation 23 of the Occupational Pension Schemes (Scheme Administration) Regulations 1996. The Statement of Investment Principles for the Stagecoach Group Pension Scheme can be found here for the Main Section and here for the London Section. It also reviews pension scheme funding, investment strategy, risk management and internal controls surrounding pension matters. The company organises itself into segments: First Student, First Transit, Greyhound, First Bus, and First Rail. The railways pension scheme is a defined benefit scheme … Stagecoach Group is a leading multi-modal UK public transport company, with operations in England, Scotland and Wales. Registered Number: 100764 Stagecoach Group PLC . Our Gender Diversity Score takes into account the percentage of women on a company’s board, in the executive team, in senior management and in the overall workforce. The assets and liabilities of the Main Section (the “Scheme”) are pooled in a common trust fund. More than 3 million customers a day trust our greener, smarter and better value bus and rail services - and we are continuing to grow. The Trustees’ 2020 Implementation Statement covering both Sections of the scheme can be found here. �,�Vٹ�,���6̳�r����� +�$_� ��m={XX�^̖���w͌e�Pͽ֮f��� �3,��+,��e�-�3P��9�ω];K؈I�ܧA�4^������㿝���X�;U�,|�lO���k���+�����T«z�� Stagecoach Group - We are a leading quality public transport provider in the UK and North America. Board Member. Stagecoach Group plc is a public limited company that is incorporated, domiciled and has its registered office in Scotland. The consensus rating is ‘Buy’. Board Member. STAGECOACH PENSION TRUSTEE COMPANY LTD. - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity ... Stagecoach Group Plc, 10 Dunkeld Road, Perth, Perthshire, United Kingdom, PH1 5TW First Student operates a fleet of yellow school buses in the United States. The Trustees’ 2020 Implementation Statement covering both Sections of the scheme can be found here. ALL COMPANIES IN THE GROUP. Souter Investments LLP. Pensions UK Bus/Central North America UK Rail 16.2 1.1 24.9 42.2 2011 2010 Pension Pension expense £m ... schemes closed to new entrants and contributions have … In line with this legislation Stagecoach management have identified four categories of employees who have recently been sent customised letters depending on their circumstances as illustrated below: 1. Seattle Genetics, Inc. found using ticker (SGEN) have now 16 analysts in total covering the stock. About Stagecoach Group PLC Stagecoach Group plc is an international transport group, with operations in the UK, United States and Canada. With regard to pensions, the Remuneration Committee has access to reports from pension scheme trustees and scheme actuaries regarding the cost of pension obligations. 9 October 2020 . SEATTLE, Aug. 01, 2017 -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.73 percent, up one basis point from this time last week. The range between the Stagecoach Group Pension Scheme provides retirement benefits to Stagecoach Group employees. FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. There are eight trustees for the principal UK scheme; one is an employee member representative nominated by in service members on a regional basis and three are pensioner trustees. endobj The consensus rating is 'Buy'. Free or discounted bus travel; ... Stagecoach Group plc. Stagecoach Group PLC is a passenger-transportation company domiciled in the United Kingdom. Sir Brian Souter. <> ���=�]�B9 �����T>���˅��[5@;i����m�o���u7jn[�5 �����l;]+�����w���~���:�����v�Ps &j���N C�p�7l�!oke2����2{�ak u�F�����K���oҘ�=si�Rۯs�2��JB;�j1���+f+:d�TJ�{!ܺ��0婜�Z5��G�,��^L �]��d�D�x Tel: 01738 442111 Fax: 01738 449669 Email: michael.vaux@stagecoachgroup.com. The Group’s principal defined benefit pension schemes are all in the UK. endobj 1 0 obj We have scored around 350 of the largest UK companies according to their levels of gender diversity. Stagecoach Group plc has issued its interim results for the six months ended 31 October 2020. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The Group recognised pre-tax actuarial losses of £138.7m (2009: £144.5m), on Group defined benefit pension schemes in the year ended 30 April 2010. Registered Office: 10 Dunkeld Road, Perth PH1 5TW, Scotland, Registered in Scotland.
stagecoach group plc pension scheme 2021