Nationwide Member Nominated Trustee Director (MNTD) update

20/03/2017

​You recently received a communication from the Trustee entitled ‘Election – Cast your vote!’.

The deadline for Individual Protection 2014 approaches

20/03/2017

If you are considering applying for Individual Protection 2014 (IP 2014), the deadline to submit your application is midnight on 5 April 2017.

Budget 2017: HMRC introduces a tax charge on QROPS transfers

20/03/2017

​The Chancellor in his recent budget on 9 March 2017, announced that HM Revenue & Customs (HMRC) will introduce a 25% tax charge on Qualifying Recognised Overseas Pension Schemes (QROPS) transfers for members not in the European Economic Area (EEA), unless certain conditions apply.

Government plans to tackle pension scams

24/02/2017

Chancellor Philip Hammond has announced positive action to prevent pension scams. He sets out three key initiatives on how the Government plans to take action.

How to protect yourself from pension scams

24/02/2017

​Taking simple steps to protect yourself from pension scams, is the best way to protect your pension scheme assets. Follow these simple steps to help protect yourself from scammers.

Member Nominated Trustee Director (MNTD) update

09/01/2017

On behalf of the Trustee, the Electoral Reform Service​ (ERS) is managing the selection and appointment process for two new MNTDs to join the Trustee board with effect from May 2017. For those individuals who were interested in putting themselves forward, applications had to be received by ERS before 5pm on 7 November 2016.

Pension Liberation and Scam complaints still a cause for concern

16/10/2016

Following a report recently published by the Pensions Ombudsman it was identified that Freedom and Choice has contributed to a significant increase to the number of complaints received by the Ombudsman.

Government launches online application process to apply for Individual Protection

16/10/2016

At the end of July 2016, the HMRC released an online application process allowing members to apply for Individual Protection 2014 (IP14), Individual Protection 2016 (IP16) or Fixed Protection 2016 (FP16). Members who are considering applying for protection can now do so using the following Government’s website

Digital communications and you…

16/10/2016

​Communicating effectively with over 30,000 Fund members on a regular basis is very time consuming and can be expensive. Whilst the Trustee looks to maintain the high quality of the communications it issues, it is looking for the most efficient and effective ways to communicate.

Changes to the State Pension system

14/10/2016

From 6 April 2016, there will be a new State Pension for people reaching State Pension age on or after this date. When the new State Pension is introduced it will replace the existing basic and additional State Pension. This will also mean the end contracting-out (of the additional State Pension) and the lower National Insurance rate you currently pay.