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Pension Overview

Tax and Legislation

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Update on the Lifetime Allowance

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your pensions before having to pay additional tax....

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Update from the Spring Budget

On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget, setting out the Government’s key commitments and objectives for the UK economy....

Article image for Transfer values, cash lump sums, and early / late retirement pensions: the impact of changing interest rates – an update

Transfer values, cash lump sums, and early / late retirement pensions: the impact of changing interest rates – an update

The benefits you’ve built up in the DB Section depend on your Pensionable Service (the service you’ve completed with the Company as an Active member of the DB Section) and your Final Pensionable Ea...

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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...

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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 Transfer values and cash lump sums: the impact of rising interest rates

Transfer values and cash lump sums: the impact of rising interest rates

The benefits you’ve built up in the DB Section depend on your Pensionable Service (the service you’ve completed with the Company...

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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....

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New transfer regulations

At the end of last year, The Pensions Regulator (TPR) published new regulations, that will require the Trustee and administrators...

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Reporting the death of a member

Sadly, each year a number of our members pass away. We know this is a difficult time for those they leave behind....