ZTSL decision in relation to Formal Commitments
 

Please note, in line with recent statements of the Pensions Authority, for all Zurich Trustee Services Limited (ZTSL) Group Schemes (excluding Group Risk only schemes) and any ZTSL One-Member Arrangements/EPPs established on or after the 22 April 2021 where ZTSL is Trustee, ZTSL have formally committed to wind-up these schemes and transfer the assets to the Zurich Master Trust or another approved arrangement selected by the trustee in 2023.

 

No further action is required for employers in relation to these schemes.