TUTMAN B&CE Contracted-out Pension Scheme (BCECOPS)

A pension scheme launched in 1988, made available exclusively to construction industry workers to allow them to contract out of the State Earnings Related Pension Scheme (SERPS) and later the State Second Pension (S2P).

Basically, it allowed employed construction workers to get some of their employer’s and their own National Insurance contributions paid into their pension instead.

It was already closed to new customers and closed on 31 March 2022.

Find out more on the B&CE website.