Over 30 Midland Region members, including a few new faces, attended their Autumn Open meeting on
Tuesday 17th October2017, at the Wollaton Park Community Association. In addition to receiving reports from the recent National Council and PFCC meetings and an update of the Triennial Evaluation they also received a talk on The Tales of a Master Baker from a guest speaker. A summary of the presentations follows below;
REVIEW AND NATIONAL COUNCIL FEEDBACK – CHRIS JACKSON, MIDLAND REGION CHAIRMAN
2017 National AGM Review
- A disappointing attendance
- Norman Ferguson in place as new IMPAC President & Neil Hopkins confirmed as new National Chairman
- Guest Speaker was Julian Banks (Pension Fund Member Nominated Trustee)
National Council Update
- Imperial Brands introduce a £75k pensionable salary cap for current employees in the Defined Benefit scheme; a measure also introduced by M&S, Tate & Lyle, Asda, Britvic etc; very little impact for existing employees and NO impact on Pensioners (YOU)
- The new IMPAC website in place for a year, ok but some room for improvements; recently compared with 30 other similar websites – as good as most and better than some; meeting with our website Manager in October to explore further improvements
- IMPAC Roadshows planned for late October in Stirling, Glasgow & Bristol aimed at improving member engagement and communication
- Latest edition of ‘The Gazette’ included an article about one of our local Members (Karen Hanson) plus an IMPAC recruitment ‘flyer’ which generated 69 new members – to be repeated in future editions
- Horizon update – decommissioning continues until final closure in March 2018; several internal office moves completed from the factory to the RDC (DHL) and Bristol; site acquired by Henry Boot and Horizon building likely to be demolished and replaced by two industrial/commercial units on the old factory footprint, leaving the rest of the landscaped area as is.
PFCC REPORT AND TRIENNIAL REPORT – NEIL HOPKINS, IMPAC NATIONAL CHAIRMAN
- Neil Hopkins provided a comprehensive presentation of the Triennial Valuation process.
- The slides covered an explanation of the three measurement criteria or funding objectives used by the Scheme Actuary and concluded with an illustration of the recovery plan for the Fund which consisted of a combination of Company financial contributions as well as a breakdown of the various Contingency funding arrangements which could be ‘triggered’ in certain circumstances.
- The presentation was followed by a lengthy question and answer session.
MIDLAND REGION REPORT – JOHN KENTON, MIDLAND REGION SECRETARY
- No progress on the outcome of the Horizon Artefacts, apart from the recent public auction of various Player items – paintings, posters & even a desk! A further update will be sought in the New Year.
- Possible Guest Speakers for our meetings in 2018 – The History of Frameknitters in Notts; Military Cigarette Cards and possibly Beekeeping
GUEST SPEAKER – REX ROWE ‘TALES FROM A MASTER BAKER’S LIFE’
- Rex, a local lad from Aspley, told of his life and many experiences as a Master Baker and his efforts raising thousands of pounds for a local hospital Cardiac Support Charity.