The Scheme was restructured into three sections in January 2017 as a result of the sale of a majority stake in the Gas Distribution business to Cadent Gas Limited:
Section A - is sponsored by the commercial businesses which are not regulated by Ofgem.
Section B - is sponsored by National Grid's Gas Transmission business.
Section C - is sponsored by Cadent (formerly National Grid Gas Distribution).
The sections are all ring-fenced from the others with completely separate assets and liabilities. Each section has its own assets, financial support and security arrangements.
The Trustee Board is responsible for the whole Scheme.
The Scheme sectionalisation archive includes letters and booklets produced by the Trustees when the changes were being made.
Please note, since the change we have launched a new website for the Scheme so there may be some old website links included in these documents that no longer exist. We have included everything that you may still want to know in this archive.
June 2016: Your Trustees wrote to you to confirm their agreement with National Grid to create three separate and independent sections within the Scheme.
November 2016: Your Trustees wrote to you to confirm which section your pension benefits had been allocated to
December 2016: Your Trustees wrote to members with benefits allocated to Section C to confirm the buyer of a majority stake in the Gas Distribution business.
April 2017: Your Trustees wrote to you to confirm the Scheme was restructured into the three sections, and that your pension benefits remain just as safe, secure and well supported. There were no changes to your accrued benefits as a result of the change, including no change to spouse benefits, death benefits or the way your pension increases.
The following videos explain how pensions are funded under sectionalisation, and how members were allocated across sections. Click on the images below to view these.