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Pension Overview

Investments

Article image for How the Chancellor’s Autumn Statement impacts pensions

How the Chancellor’s Autumn Statement impacts pensions

On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, setting out the Government’s key commitments and objectives for the UK economy. In this short article we...

Article image for Valued Advice. Introducing our new Scheme Actuary

Valued Advice. Introducing our new Scheme Actuary

The Trustee (Prudential Staff Pensions Limited) works with several firms of professional advisers, as experts in their areas, to make sure our Scheme is managed t...

Article image for What does the Spring Budget mean for your pension?

What does the Spring Budget mean for your pension?

On Wednesday 15th March, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over...

Article image for Higher inflation and what this means for your pension

Higher inflation and what this means for your pension

Inflation is now at its highest rate for three decades, and the Consumer Prices Index (CPI) and the Retail Price Index (RPI) both reflect this....

Article image for Guaranteed Minimum Pension (GMP) explained

Guaranteed Minimum Pension (GMP) explained

GMP is a minimum level of pension built up from 6 April 1978 until 5 April 1997 (inclusive) in a pension scheme (like our Scheme) that was contracted out of the additional State Pension....

Article image for An important change to our Scheme’s investments

An important change to our Scheme’s investments

The Trustee is responsible for setting the Scheme’s investment strategy. Our aim has been to limit risk while at the same time ensuring that the Scheme is sufficiently...

Article image for State Pensions increase by 3.9%

State Pensions increase by 3.9%

From 6 April 2020, the State Pension, for those who reached their State Pension Age on or after 6 April 2016 will rise by 3.9% to £175.20 a week (£9,110.40 a year)....