YMCA PENSION PLAN and GROUP LIFE SCHEME
UPDATE FOR PARTICIPATING EMPLOYERS
As a result of the new banking legislation we have been advised that the sort code for both the YMCA Pension Plan and the Group Life Scheme have changed with effect from August 2017. Please note that the account numbers are unaffected.
We have been advised that the old account details will still be active for at least 12 months from the change.
We understand that some associations are receiving automated letters from their bank advising that the details of the existing standing order need to be changed.
You don’t need to take any action at the moment as your existing standing order will be fine for the current year, however for the renewal in April 2018 you will note that the sort code details for the new standing order will have changed.