ERYC Worst Pension Provider 2017

Shamefully the ERYC Pension Scheme has come bottom in a table of pension providers.

The Spectator reports:

“When it comes to Defined Benefit (Final Salary) schemes, the results were even more dramatic. While the best performing company, Diageo, took 1.6 weeks to respond, the East Riding of Yorkshire Council took an average of 17.1 weeks to respond.

Slowest DB Schemes based on average number of weeks to provide information

  1. East Riding of Yorkshire (Council)          17.1 weeks
  2. Lancashire Council                                     11.1 weeks
  3. West Midlands Pension (Council)           10.3 weeks
  4. Royal Mail Pension                                     10.2 weeks
  5. Strathclyde Pension (Council)                  7.3 weeks

Banned From Pension Committee

Ironically I am banned from the Pension Committee. Perhaps this explains why!

Request For Explanation

I have requested ERYC Chief Executive, Caroline Lacey, to inform members why ERYC have failed so badly.

In addition, I have requested that members are informed how we are to address the failure.

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