{"id":639902,"date":"2026-06-15T13:33:08","date_gmt":"2026-06-15T13:33:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/639902\/"},"modified":"2026-06-15T13:33:08","modified_gmt":"2026-06-15T13:33:08","slug":"citb-set-for-20m-pension-windfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/639902\/","title":{"rendered":"CITB set for \u00a320m pension windfall"},"content":{"rendered":"<p>&#13;<br \/>\n\t&#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p>Industry sources estimate the training body could be in line for a payout of up-to \u00a320m.<\/p>\n<p>The windfall will come from the closing ITB Pension Fund which manages money for all current and former industry training boards.<\/p>\n<p><a data-ad-id=\"497899\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=497899&amp;url=https%3A%2F%2Fwww.surveymonkey.com%2Fr%2FXMJXJGL%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/06\/1781530388_426_1437 - Meet The buyer MPU (1).gif\"\/><\/a><\/p>\n<p>The closure of the scheme was triggered after it reached maximum funding levels.<\/p>\n<p>The ongoing pension needs of employees will be met by an insurance company who will manage remaining assets.<\/p>\n<p>The CITB confirmed that it was expecting an inflow of funds but said it would not know the exact figure until the transfer in March 2027.<\/p>\n<p>A spokesperson said: \u201cThe money received will help support the industry through the delivery of CITB\u2019s strategic plan.\u201d<\/p>\n<p><a data-ad-id=\"163817\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=163817&amp;url=http%3A%2F%2Fwww.constructionenquirer.com%2Fdirectory%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/enquirer_directory_mpu.gif\"\/><\/a><\/p>\n<p><a data-ad-id=\"468489\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=468489&amp;url=https%3A%2F%2Fwww.flanneryplanthire.com%2Fplant-operator-training%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/flannery.gif\"\/><\/a><\/p>\n<p>\t&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n\t&#13;<br \/>\n&#13;<br \/>\n\t\t\t\t\t&#13;<br \/>\n&#13;<\/p>\n<p>\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/1754002269_755_3.jpg\" alt=\"Grant Prior\" width=\"150\" height=\"150\" class=\"photo\"\/>\t\t<\/p>\n<p>\t\t\t&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; &#13; &#13; Industry sources estimate the training body could be in line for a payout of&hellip;\n","protected":false},"author":2,"featured_media":639903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-639902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/639902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=639902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/639902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/639903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=639902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=639902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=639902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}