M-Real Trustees

Regulatory and useful information about the Scheme

The Scheme is a funded pension scheme in which funds are accumulated in order to finance the benefits which will eventually be paid to members and their dependents. The Scheme pays benefits under its Defined Benefits (DB) section as determined by the rules of the Scheme. Members contribute, with the Employer paying the balance of the cost of the benefits at a rate/amount determined by the Trustee Board on the advice of the Scheme Actuary. The Trustee, with the support of the Sponsoring Employer have completed a transfer, without member consent, for all the existing holdings within the trust for all DC members. They were transferred to a new arrangement to Aviva. The bulk transfer was completed in two parts, with all DC holdings transferred to Aviva by 30 March 2021. Therefore, from 1 April 2021, no DC holdings were held in the trust.