Across FirstGroup, we have a number of pension schemes across our different business units. On this website, you can find the contact details of the administrators of all the various pension schemes in the UK. They can help you with any specific queries you have about your pension benefits or retirement savings. We have also included a page with some frequently asked questions about our pension schemes in general.
The First Bus Pensions Team
The First Bus pensions team is a group of pensions professionals based at the Point in London and King Street in Aberdeen, and is supported by the Group Pensions Director and Group Pensions Manager. We provide a variety of pension-related services and support, primarily for our First Bus colleagues but also for colleagues in the Group corporate functions. We also communicate regularly with our trustees, pensions schemes, pensions providers, asset managers, legal advisors, government and regulatory bodies.
We develop the retirement savings strategy, working with HR to incorporate this into the wider reward and wellbeing strategies. Our main activities are:
- Development and delivery of pensions and retirement savings strategy.
- Ensuring compliance with pensions legislation and internal standards of operation.
- Managing trustee relationships.
We do not offer any of the following:
- Pensions or financial advice.
- Communication with the pension schemes on your behalf.
- Starting your retirement.
- Pensions administration.
The Group Pensions Corporate Function
We are primarily a finance function, focussing on managing the company's risks in relation to our legacy defined benefit pensions schemes in the UK and North America. We also provide expert support to our businesses that continue to fund defined benefit plans and support the development of the retirement savings strategy for our Divisions. Our main responsibilities are:
- Overall management of the Group's pension arrangements.
- Development and delivery of pensions strategy.
- Working closely with pension plans to develop and implement investment strategy.
- Pensions risk management.
- Overseeing compliance with pensions legislation and internal standards of operation.
- Driving effective and efficient delivery of scheme obligations.
- Managing trustee relationships.
- Helping colleagues get the most out of their benefits.
- Preparing accounting disclosures.
If you work for a First Rail employer
Your HR and payroll colleagues manage the day-to-day relationship with your pension scheme.