Update on the Lifetime Allowance

08/03/2024

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

Read the Summary of our Climate Risk Report

19/01/2024

The Fund prepared its second annual Climate Risk Report in 2023 and a summary of this is now available.

Investment news – Trustee enters £1.7 billion longevity insurance policy with Zurich UK and PICA

21/06/2023

Nationwide Pension Fund is pleased to announce that the Trustee has entered into a £1.7 billion longevity insurance policy with the UK insurer Zurich Assurance Ltd (Zurich UK) and the reinsurer The Prudential Insurance Company of America (PICA).

What does the Spring Budget mean for your pension?

04/04/2023

On Wednesday 15^th March, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a decade. The Lifetime Allowance is being abolished altogether and the Annual Allowance is being increased by 50%.

Celebrating our first anniversary!

04/04/2023

It’s now one year since Buck took on the administration of the Nationwide Pension Fund. We wanted to mark the occasion by looking at what’s changed over the last year and reminding you of some of the services available to you as a member.

Changes to our Trustee Board – MNTD election results

21/12/2022

This year, two of our Member Nominated Trustee Directors’ (MNTDs) Terms of Office were due to end and we ran an election process, with the ballot closing on 14 December 2022. We’re now pleased to announce the results of this ballot.

Member Nominated Trustee Director election

15/11/2022

From Wednesday 16 November 2022, members eligible to vote in the Member Nominated Trustee Director election will start to receive details from our election partner.

Bank of England to purchase UK Government Bonds to ease the strain in the gilt market

04/10/2022

The Bank took this decision fearing the fall in the value of gilts could have a negative impact on pension schemes. The Trustee Directors of Nationwide Pension Fund are alert to the market turbulence and have been reviewing the implications with their professional advisors.

What’s new on the Member Portal

15/08/2022

Our Member Portal provides you with secure online access to your pension record. You can manage and update your details online instantly, saving on time and allowing you to keep track of your NPF pension benefits.

Meet John and Rob to find out more about being a Member Nominated Director on our Trustee Board

11/07/2022

If you’d like to nominate yourself or support another member’s nomination, visit https://hub.ukevote.uk/npf to find out more! The closing date for nominations is 5pm on 9 August.