PSA Pension

Lobbyboy

Hi guys
I worked for the Property Services Agency (PSA) 1989-1999. I'm trying to find who now holds our pension. After privatisation I beleive Corillion took over. They are no longer in existance I've tried pension tracer, Civil Service pension, Pension protection fund all with no luck and not recognising my NI number. Moved house many times since and now have no idea who holds my pension. Any ideas or X workers of the PSA know?

xylophone

SAR to HMRC?

See

https://forums.moneysavingexpert.com/discussion/comment/78889963/#Comment_78889963

It is very likely that the Pension Scheme in question was contracted out of SERPS.

Marcon

Have you tried 

People's Administration Services Limited

Manor Royal

CRAWLEY

West Sussex

United Kingdom

RH10 9QP

Telephone

03002000555

xylophone

It is likely that the PSA was contracted out - were you a member of any contracted out scheme post 1999?

Have you obtained a state pension forecast?

https://www.gov.uk/check-state-pension

Is a COPE shown?

I worked for the Property Services Agency (PSA) 1989-1999.

https://en.wikipedia.org/wiki/Property_Services_Agency

Then on 1 April 1990 the PSA was split into two separate organisations:

• Property Holdings, which remained within government and managed the portfolio of civil estates.
• 
  
• PSA Services, which operated as a commercial entity bidding for new building work from public sector organisations; equally, PSA Services was free to seek work in markets outside the public sector.

The progress towards full commercialisation was completed in 1992, when PSA Services was itself further split into three organisations:

• PSA Projects (the branch which dealt with new building projects), which was offered for sale to the private sector, and purchased by Tarmac in 1992. (Although nominally a sale, the transaction was eventually estimated by the National Audit Office to have cost the government £81.3 million).[8][9] From October 1993 it traded as TBV Consult, later being renamed TPS Consult in 1997,[10] and becoming part of Carillion in a demerger in 1999.
• 
  
• PSA Building Management (the branch which maintained the existing estate) was divided into five regional businesses to be sold individually.
• 
  
• PSA International (which looked after the overseas diplomatic and military estates) which was closed down in 1993.
• 
  
• The Crown Suppliers (formerly PSA Supplies) was subject to a separate but abortive privatisation in 1991. The bulk of the business was closed with the exception of its Liverpool Office which remained trading within the public sector as The Buying Agency (TBA).

https://www.theguardian.com/business/1999/jul/06/6

https://commonslibrary.parliament.uk/research-briefings/cbp-8316/

Do you have any paperwork at all relating to your PSA pension?

bonnyrigger

I worked for the PSA from 1983 to 1994, it was definitely part of the main Civil Service pension scheme then. Unfortunately I transferred it into BT's scheme in 2001 so I doubt I've still got any paperwork but surely the Civil Service pension people can track it via your NI number.

Lobbyboy

I've contacted a chap who started the same day and finished the same day as me when we got wound up at the PSA. He sent me his last pension letter. It was from Interserve Trusties Ltd (Dec 2022) that took over our pensions when privatised. They said in the letter that they themselves were winding up and the pension was to be taken over by Aviva. I contacted Aviva, no record of my NI number/name/DOB. I can't contact Interserve as they are no more. 

Thanks for all the above suggestions but none got me any further. Any further advise would be kind.

Silvertabby

Did you definitely opt to join the pension scheme?

Did you join, but then opt out and take a refund of your contributions within (usually) the first two years?

Did you transfer your benefits to your new pension scheme when you left?  

PSAboyz

Hi Lobbyboy,

I worked for PSA and then PSA Projects Ltd when it was privatised in 1992 and sold to Tarmac. Tarmac had a demerger in 1990's and Carillion plc took over the company. PSA Projects changed its name several times, first it became TBV Consult, then TPS Consult and finally TPS. Carillion plc went bust in 2018 as did all it's companies including TPS.

Prior to the privatisation in December 1992, the PSA pension was with the Principal Civil Service Pension Scheme. After privatisation a new pension scheme was created for all the ex civil servants who transferred across to PSA Projects called the PSA Projects Pension Scheme. Again, the name of the pension scheme changed over the years and finally became the Carillion Public Sector Pension Scheme (CPSPS).

Prior to going into administration in 2018, CPSPS was by run by company or member nominated trustees with JLT Employee Benefits acting as the administrator.

After going bust CPSPS has now only one trustee namely Independent Trustee Services Ltd. The Scheme's administrator is now Barnett Waddingham (tel 0333 11 11 222) and they are people you should contact first.

Good Luck.

NB After 8 years, it looks like CPSPS is going to enter the Pension Protection Fund (PPF) in 2027 with members benefits paid by the PPF instead of CPSPS (which will be wound up). So you better act quickly. Hope that helps