Arm pension news

Here are some recent news articles and updates related to ARM pension schemes:

Recent Developments:

  1. ARM Pension Scheme Enters into Scheme of Arrangement: In November 2022, the ARM Pension Scheme, which has over 100,000 members, entered into a Scheme of Arrangement with its trustees and creditors to address its significant funding deficit. The scheme aims to reduce its deficit by £1.2 billion over the next 10 years. (Source: Pensions Age)
  2. ARM Pension Scheme to Increase Contributions: In October 2022, the ARM Pension Scheme announced plans to increase contributions for its members to address its funding deficit. The scheme's trustees and employers agreed to increase contributions by 1.5% to 4.5% of salary, effective from April 2023. (Source: The Pensions Regulator)
  3. ARM Pension Scheme to Offer Enhanced Transfer Values: In September 2022, the ARM Pension Scheme announced plans to offer enhanced transfer values to its members. The scheme will offer transfer values of up to 120% of the scheme's liabilities, subject to certain conditions. (Source: Pensions Expert)

Background:

The ARM Pension Scheme is a defined benefit pension scheme that was established in 1969 for employees of ARM Holdings, a leading semiconductor and software design company. The scheme has over 100,000 members and a significant funding deficit, which has been a subject of concern for the scheme's trustees and employers.

Key Statistics:

Sources:

Please note that the information provided is subject to change and may not be up-to-date. It is always recommended to check with the scheme's trustees or administrators for the latest information on the ARM Pension Scheme.