Posted: April 26th, 2012
The AMP’s Pension Contingency Fund, as reported in last autumn’s Mirror Pensioner newsletter, goes from strength to strength.
The fund was set up in [to be advised] to ensure the association would be able to meet legal fees and other expenses should the need arise. Some members continue to make their voluntary monthly donations via the monthly pension payroll with deductions made at source, while others prefer to pay by standing order from their bank account.
At the 2011 AGM it was agreed to maintain the fund for a further year given the present uncertainties, and the Scottish annual meeting subsequently endorsed this decision.
The need for the Fund’s continuation will now be reviewed at the next AGM.
AMP membership stands at around 2,800, but there are some 7,000 pensioners and dependents in the MGN pension schemes who are eligible to join. Every extra new member helps to increase our financial and numerical strength, so if you know a pensioner or deferred pensioner who is not a member we urge you to persuade him or her to join us. It’s only £10.00 to join for life, and payments to the Contingency Fund are voluntary.
Find out more in our Join Us section.
By FRANK THORNE
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