News

Pension credit provides extra income for people over State Pension Age on lower incomes.

We understand that because of various reasons such as disruption to household income following the pandemic and rising energy bills, some of our members may be thinking about opting out of the scheme. Or you have previously opted out and been recently auto enrolled back into the scheme by your employer.

The latest edtion of Outlook and AtEase are now available online.

The Government is introducing legislation to ensure that individuals are made aware of Pension Wise guidance as part of the application process for taking or transferring their defined contribution (DC) pension savings. The aim is to protect people by helping them make informed decisions.

Almost two in three (65 per cent) potential pension transfers raised at least one scam warning flag in February, according to XPS Pensions Group’s Scam Flag Index, the highest proportion in the past 12 months.

Please find the employee contribution bands which are effective from 1st April 2022.

The Annual Allowance and Lifetime Allowance factsheets have now been updated.

On Friday 12th February 2021 the government issued the Exit Payment Cap Directions 2021 which disapply parts of the Restriction of Public Sector Exit Payments Regulations 2020 in England with immediate effect.