Change of Administration of the pension benefits in the Scheme

From 2nd March 2020 the company providing administation for the STMicroelectronics (Bristol) Retirement Benefit Scheme on behalf of the Trustee changed from KPMG LLP to ISIO.

ISIO is the result of KPMG’s decision earlier this year to establish its pension advisory practive as a separate company. This new separate business is now called ISIO.

Apart from the formal change in the company administering the Scheme there is no substantive impact. The Scheme will continue to be administered in the same way and by the same pensions professionals as peviously, the existing KPMG staff we are used to dealing with having transferred into the new company.  There are minor changes to the contact details of the administrators:

If future please use the email address below to communicate with the admisistrators of the Scheme regarding any queries you may have in connection with your pension

STMPensions@isio.com

You will be aware that KPMG LLP used to hold and process personal data about scheme members and other beneficiaries in order to be able to carry out its duties in respect of the Scheme on behalf of the Trustee. With the agreement of the Trustee this data is transferred to ISIO to enable them to continue their administration of the Scheme as previously. Rest assured that this data will only be processed in accordance with the relevant data protection legislation and used only for the purposes of administering the Scheme.

If you have any queries in connection with this change of administrator please contact:

Matt Dye in writing at:
ISIO,
2 Forbury PLace,
33 Forbury Road,
Reading,
RG1 3AD

Telephone: 01183 384399

or via email at:

STMPensions@isio.com

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