Withdrawal of Uranium Asset Management Limited (UAM) from the GPS WEC/UAM Section of the CNPP
With effect from 6 April 2016 Westinghouse Electric UK Holding Limited (WEC) will take over as sponsoring employer for the current and former employees of Uranium Asset Management (UAM) in the CNPP. UAM will then withdraw as a participating employer in the GPS WEC/UAM Section of the CNPP.
In line with the restructuring of the business, WEC proposed the change in sponsoring employer to the Trustee. The Trustee considered their proposal and concluded that there would be no negative impact on either the members’ benefits or the security of members’ benefits.