Scottish Power employee benefits from DB scheme

Wired into the company’s DB plan Barbara Teape is an executive support assistant at Scottish Power, where she has worked for 29 years.

Teape is a member of the company’s defined benefit (DB) scheme, having joined before the stakeholder scheme and eligibility criteria requirements for the final salary plan were introduced. “I joined the scheme when I was 20 years old, and I receive regular updates and statements letting me know how much I have. Scottish Power certainly keep me well informed,” she says.

Teape also values the variety of health-related options that are available, especially the on-site gym that is available at the Glasgow head office. She particularly appreciates its convenience and low cost. “I probably use the gym three times a week, and if I wanted to, I could come in on a Saturday and use it, so it’s really useful,” she says.