Announcements

September 2017

The Lifetime Allowance is increasing

28/09/2017

​The Lifetime Allowance is the overall amount of pension savings you can have at retirement without incurring a tax charge.

Young savers willing to pay more into their pension

08/09/2017

Recent research undertaken by a leading insurance company revealed that the majority of millennials appear to be happy to contribute more into their pension following pay reviews or promotions.

July 2017

Further changes to the State Pension Age

31/07/2017

On 19 July 2017, the Government accepted the recommendation made by John Cridland (ex-Confederation of British Industry boss) in his report to bring forward the rise in the State Pension Age (SPA) for men and women to age 68.

Changes to data protection legislation

18/07/2017

The law relating to data protection is changing with effect from 25 May 2018, being replaced by the EU’s General Data Protection Regulation (GDPR).

How can I locate lost pension pots?

14/07/2017

In May 2016, the Government launched a free Pension Tracing Service enabling you to track down lost or forgotten pension pots. The service allows you to trace either the name of your previous employer or the name of the pension provider at that time.

June 2017

New pensions minster announced following cabinet reshuffle

26/06/2017

Following the government’s latest cabinet reshuffle, Guy Opperman has been appointed as the new pensions minister or the parliamentary under secretary of state for pensions and financial inclusion to give him his full title. He replaces Richard Harrington who was previously in the role for less than a year.

Annuity market reforms announced

05/06/2017

New reforms recently announced will require annuity providers to inform individuals (when purchasing an annuity) if a higher annuity income can be obtained elsewhere from another insurer. For individuals in poor health i.e. those suffering with high cholesterol, blood pressure, or may have a life limiting condition “enhanced annuities” are often available.

May 2017

Trustee Election – The results!

17/05/2017

As you are aware the Trustee over the last ten months has been undertaking a process to elect two Member Nominated Trustee Directors (MNTDs) to the Trustee board.

Will you get the full amount of the new State Pension?

17/05/2017

Pension reforms in April 2016 introduced the new State Pension. How much will you be entitled to?

Pension Wise – Free and impartial guidance

16/05/2017

There have been a number of changes to Pension Wise since it was first established in 2015 and therefore we would like to take this opportunity to remind you about the service they currently provide.