The Oxford Diocesan Board of Finance transfers pension scheme

The Oxford Diocesan Board of Finance has transferred its defined benefit (DB) pension scheme to a multi-employer occupational pension fund.

The day-to-day running of the Oxford Diocesan Board of Finance Staff Retirement Benefit Scheme is now managed by The Pensions Trust.

Sally Wildman, personnel manager of the Oxford Diocesan Board of Finance, said: "The Oxford Diocesan Board of Finance believes there are advantages in transferring the day-to-day running of its pension arrangements to a specialist provider. It is hoped this will increase efficiency, reduce time, and remove the pressure and increasing regulatory burden upon the trustees of the Oxford Diocesan Board of the Finance Staff Retirement Scheme."

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