Co-operative Bank Pace Pension Scheme

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Co-operative Bank Pace Pension Scheme — overview

About

Co-operative Bank Pace Pension Scheme is an occupational pension scheme. Pace Trustees Ltd is appointed by the Co-op as the Trustee to manage the Scheme. Pace has two sections a defined benefit (DB) and a defined contribution (DC). The Pace Pension Scheme was established in 2006 and replaced three of the Co-op’s other pension arrangements (the ‘Former Schemes’) whose assets and liabilities were transferred to the scheme. The Former Schemes are the Co-operative Group (CWS) Limited Pension Fund, The Co-operative Bank Pension Scheme, and the CIS Employees’ Pension Scheme.

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