The AMP endorses candidate CHRIS RUSHTON in the current MGNPS trustee election and we urge members to vote for him. Chris is a former sub-editor (and chapel rep on pensions) on the Daily Record. This is his election statement:
As someone who lost out substantially as a result of pension promises made – and not kept – during the Maxwell era, I will always have a special concern for the safety of our pensions and those of our colleagues.
All trustees, whether pensioner, management or independent, need to do their best to safeguard and grow the pension fund to protect the livelihoods of pensioners and their dependants.
We only have to look at the daily headlines to know that this a time of far-reaching changes in the pension world, not least in occupational pension schemes. There is a greater need than ever for reassurance, watchfulness, a sense of togetherness and help on big issues and in individual cases. That is why it is the job of a trustee to not only take a close interest in the internal affairs of our own pension funds but also be alert to developments in the wider world of pensions.
I have had experience of working for the old Mirror Group and Trinity Mirror at all levels from trainee reporter to editor and serving on executive management committees. I value this opportunity to put this experience to the benefit of all MGN pensioners.
More about CHRIS RUSHTON:
Chris Rushton was a product of the old Mirror Group graduate training scheme in Plymouth. He went straight to the Daily Record and worked as a news sub for eight years. He was NUJ chapel rep for pensions and was heavily involved in the month-long strike against Robert Maxwell’s interference. Shortly afterwards, he took a bronze handshake and left to set up his own PR/design company.
Chris kept his editorial hand in by splash subbing for the Sunday Mail on Saturday nights. He moved back into full-time journalism when he became assistant editor of the Sunday Sun in Newcastle-upon-Tyne. Within a year he was appointed editor and he turned the loss-making paper into profit while doubling the staff and INCREASING circulation. He remained as editor for seven years, and the title won a host of awards, including UK Regional Newspaper of the Year.
He left a year after the deadhand of Trinity newspapers (the company that later merged with Mirror Group) took over, and moved immediately to become managing director of a national PR firm. In 2000 he was appointed Head of Journalism & PR at Sunderland University. He built the department from scratch and took early retirement in 2014 by which time he was responsible for 20 staff, 40 visiting lecturers and 500+ students. Chris was made a Visiting Professor of Journalism.
He is now a media consultant, commentator and trainer. He has also been appointed to various boards and committees by the Ministry of Justice, Home Office, Dept for Education, and Ministry of Defence. In addition, Chris has served as a non-executive director on voluntary bodies in the NE region. Chris lives in Morpeth, Northumberland, with his wife, Julie Bradford, who is also an ex-hack having worked for the Newcastle Chronicle and Agence France Press.
Read all about Jeremy Chapman’s milestone wedding anniversary in Members’ Noticeboard
THE Association’s 2018 AGM in London will be at 11.30am on Tuesday, October 30 at the usual venue, St Alban’s Centre, Baldwin Gardens, off Gray’s Inn Road, London EC1N 7AB.
The scheduled speaker from Reach plc is yet to be confirmed, but new independent trustee chairman Quentin Woodley, and Scheme secretary/trustee director and group pensions manager at Reach plc, David Astley, will both attend. Group pensions admin manager Carol McNamara will also be there.
The date of the Scottish annual meeting has been changed and is now at 11.30am on Wednesday, November 21, 2018, at One Central Quay, Glasgow, G3 8DA. Attendees as above, minus Carol.
We look forward to seeing you – health and travel problems permitting.
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There are more than 100 articles on Noreen’s site – http://noreentaylorjournalist.com/ – and plenty of amazing pix of her with celebs, politicians, business people, sports personalities etc.
The archive includes not only some of her work on the Daily and Sunday Mirror, but also the Daily Mail, The European, Irish Times, The Daily Telegraph, The Times, The People, and magazines such as Petticoat and The Spectator.
Noreen’s husband, ex-Mirror editor Roy Greenslade, had this to say: “I am proud to commend the new website by my wife, an archive of her work which reminds us of times when the famous were happy to talk to us face-to-face, when journalists were given the resources to travel and when we still had plenty of time to enjoy ourselves.”
Noreen and Roy are both long-time members of the AMP.
(All pix courtesy Daily Mirror)
Some good news!
Following the release of the Trustees’ latest summary funding statement for the MGN Pension Scheme to end 2016 – received recently by all scheme members – we are pleased to provide this update on the Company’s additional contributions over the next ten years to 2027, following its successful acquisition Northern & Shell.
Using information available at the time, last month our AMP newsletter reported on the revised deficit-funding agreement between the Company and Trustee following the triennial actuarial valuation at the end of 2016. This showed an increase in the deficit to £476m compared to £336.7m at the end of 2013.
The Company’s now additional £2.07m a year contribution for 2018-2020 inclusive, and then £5.3m extra a year for the next seven years (2021-2027), provides an extra £43.3m over the ten years. This is on top of the increased funding of £130.25m agreed following this January’s triennial actuarial valuation.
So the total Company funding for the MGN Pension Scheme over the ten-year period is now £399.31M. The remaining £76.69m needed to overcome the present £476m deficit will be made up by investment returns so as to provide a fully-funded MGNPS by the end of 2027. This extra funding is very welcome news and significantly reduces the risks of failing to meet the fully funded position by the 2027 target.
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A fact-packed issue includes features on Trinity Mirror’s now six pension schemes, and the new chairman of the MGNPS board of trustees. Plus an updater on the current trustee board make-up. There’s Deborah Thomas’s snappy chairman’s view, full details of our AGM and Scottish annual meeting, and a farewell from now ex-trustee Andy Golden as he concentrates on his music and writing.
Life as we knew it. Read all about The Sporting Life’s last hurrah in All Our Yesterdays from the drop-down menu.