THOMAS Pension Magazine for Defined Benefit Scheme Members Update

We would like to make members aware of an error in the Scheme update included on page 4 of the recent newsletter.

The table in this section was intended to show key figures from the Scheme’s 2025 accounts, alongside the corresponding figures for 2024 for comparison. Unfortunately, during the design process, the 2024 comparative figures were removed and the 2025 figures shown in the table were incorrectly presented.

For clarity, the key figures at 31 March 2025 were:

• Membership: 6,070
• Contributions received: £7.9 million
• Benefits paid: £44 million
• Decrease in asset value: £56 million
• Assets at year-end: £597.2 million

We apologise for any confusion this may have caused. The error relates solely to the presentation of the figures in the newsletter, and the underlying Scheme accounts remain accurate.

If you have any questions about this update, please contact the Scheme administrators in the usual way.