THE APPLIANCE

The Appliance Traders Group Pension Scheme was formed on December 1, 1983 with the approval of the Commissioner of Income Tax under Section 44 of the Income Tax Act. The Scheme was given permission to receive pension contributions and invest those contributions without having to pay tax on its income.

Between 1983 and 1990, the Scheme was managed by Individual Trustees and in March 1990, ATL Group Pension Fund Trustees Nominee Limited, was appointed as the Corporate Trustee of the Scheme, replacing the Individual Trustees. Additionally, ATL Group Pension Fund Trustees  Nominee Limited would be responsible for the Administration, Investment, Management and Custodianship of the Pension Scheme.

In September 2006, in line with requirements of the Pensions Act, 2004 and Pensions Regulations, 2006 four (4) additional Trustees were nominated and elected. These are two (2) Individual Sponsor Trustees, one (1) Member Trustee and one (1) Pensioner Trustee.