Pensions News

Employer's Charter Launched

03 February 2012

The Department of Health, NHS Employers and NHS Pensions have jointly launched a charter which outlines the roles and responsibilities of Scheme Employers in locally adminstering the NHS Pension Scheme.

Contribution Increases – April 2012

20 January 2012

Further information about the contribution increases for the NHS Pension Scheme planned for April 2012 is now available on this website.

Cash Equivalent Transfer Values (CETVs) - Important Information

12 January 2012

In the budget on 23 March 2011, HM Treasury confirmed that they were considering a review of the basis for the calculation of CETVs payable from public service schemes, including the NHS Pension Scheme. That review is now complete.

NHS Pension Scheme - "Heads of Agreement" Reached

21 December 2011

On 20th December 2011 the Department of Health outlined the Heads of Agreement on the proposed design of the NHS Pension Scheme from 2015. Read more....

NHS Pension Scheme - Consultation on Draft Regulations - 8 December 2011

08 December 2011

On 8th December 2011, the Department of Health started a consultation on the National Health Service Pension Scheme (Amendment) Regulations 2012. The consultation will end on 20 February 2012 with the regulations due to be effective from 1 April 2012.

Hutton Proposed Reforms - A Calculator for Scheme Members

25 November 2011

The Department of Health have provided a calculator for Members of the NHS Pension Scheme to support their understanding of the proposed changes in pension relating to the Hutton reform.

Important Information - Cash Equivalent Transfer Values (CETVs)

04 November 2011

In the budget on 23 March 2011, HM Treasury confirmed that they were considering a review of the basis for the calculation of CETVs payable from public service schemes, including the NHS Pension Scheme.

ANNOUNCEMENT FROM THE SECRETARY OF STATE FOR HEALTH

02 November 2011

On 2 November the Health Secretary wrote to all Chairs of NHS Trusts, SHAs, PCTs, FTs and Arms Length Bodies about the Government’s proposed changes to public service pension schemes.

Ill Health Retirement Benefits Application - Reminder for Employers

08 September 2011

The purpose of this article is to remind employers that a member of the NHS Pension Scheme may only make one formal application for the payment of benefits.

Department of Health Consultation on changes to employee contributions

28 July 2011

The Department of Health is currently consulting on changes to employee contributions to the NHS Pension Scheme. The consultation exercise will run until 21st October 2011.

Pensions Indexation - Change to the Consumer Prices Index (CPI)

11 May 2011

Article outlining the effects of the change in pension indexation measure and the steps that NHS Pensions is taking to notify scheme members about them.

Lord Hutton's Report on public service pension arrangements - Notice for the attention of all NHS Staff

01 April 2011

Note from Department of Health Pensions Policy Team regarding the potential impact on the NHS Pension Scheme if reforms are introduced along the lines of those recommended by Lord Hutton.

Cash Equivalent Transfer Values (CETVs) payable from the NHS Pension Scheme (NHSPS)

25 March 2011

As a result of the Budget of 23 March 2011, HM Treasury has confirmed that they are considering a review of the basis for the calculation of CETVs payable from public service schemes, including the NHSPS.

Lord Hutton’s Independent Review into Public Service Pensions Published

10 March 2011

The Independent Public Service Commission’s final report into the future provisions of Public Service Pensions was published on 10 March 2011. This article outlines the Government’s initial response and provides a link to the report itself.

NHS Pension Scheme - Consultation on draft regulations - 4 March 2011

04 March 2011

On 4 March 2011, the Department of Health started a consultation on the draft NHS Pensions Scheme, Injury Benefits and AVC (Amendment) regulations 2011. This consultation on the amendments will run from 4 March 2011 and last until 27 May 2011.

Important announcement concerning availability of CETVs from NHS Pensions

13 December 2010

In his budget of 22 June 2010, the Chancellor announced a change in the future pension increase basis from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).

NHS Pension Scheme - Consultation on draft regulations - 3 December 2010

08 December 2010

On 3 December 2010, the Department of Health started a consultation on the draft NHS Pension Scheme (Amendment) Regulations 2011. This consultation will last until 15 February 2011.

Changes regarding the administration and implementation of pension sharing orders

26 October 2010

Notification of changes that NHS Pensions is introducing from 4 January 2011 in regard to pension sharing orders.

Annual and Lifetime Allowance for Pension Savings Announced

22 October 2010

HM Revenue and Customs (HMRC) has announced a significant change to the way in which tax relief is provided to members of pension schemes in the UK.

Publication of Interim Public Sector Pensions review – 7th October 2010

07 October 2010

Lord Hutton published his interim report on the future of public sector pensions on 7th October 2010. This contains his initial analysis of the current position regarding public sector pensions.

NHS Pension Scheme - Consultation on draft regulations - 11 May 2010

13 May 2010

From 11 May 2010, the Department of Health started a consultation on draft regulations - NHS Pensions Scheme (Amendment) Regulations 2010. This consultation will last until 8 June 2010.

Disclosure of Senior Managers' Remuneration (Greenbury)

02 February 2010

As stated in the December 2009 Newsletter, all requests for information must be received by NHS Pensions between 1 February and 12 February 2010 to enable us to provide you with the necessary disclosure information by 16 April 2010.

NHS Pension Scheme - Consultation on draft regulations - 20 November 2009

19 January 2010

From 20 November 2009, the Department of Health started a consultation on the draft NHS Pensions Scheme and Additional Voluntary Contributions (Amendment) Regulations 2010. This consultation will last until 5 February 2010.

Industrial action at the Royal Mail

22 October 2009

A message from NHS Pensions following the announcement of Postal Strikes at the Royal Mail.

The NHS Pension Choice Opt-In Form

02 October 2009

We have introduced a new NHS Pension Choice Opt-In Form which will replace the Retirees Declaration Form

Provision of Member Information to Independent Financial Advisers (IFAs) - Changes in Procedure

16 September 2009

This note provides information to Independent Financial Advisers about changes that NHS Pensions is introducing when they request multiple estimates on behalf of their clients.

NHS Pension Scheme Regulations - An update to Stakeholders

08 June 2009

The Department of Health has changed the consultation and effective date arrangements for the NHS Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2009.

NHS Pension- Service Queries and Statement Requests

22 May 2009

This note provides a update to any members who are awaiting service information

Transfer of benefits - An update to NHS Pension Scheme members

22 May 2009

This note provides an update to members who have requested a transfer of benefits and may be experiencing delays.

Guaranteed Minimum Pension (GMP) - Updated Information for Pensioners of the NHS Pension Scheme

05 March 2009

An error has been discovered, which will affect a small percentage of pensioners in all Public Sector Pension Schemes, including current pensioners of the NHS Pension Scheme.

Added Years- Member Update

05 March 2009

This note provides an update to members who have requested information about buying Added Year and may be experiencing delays.

Estimate/A-Day Valuation Requests - Member Update

17 February 2009

This note provides an update for members who have requested an estimate/A-Day Valuation Request

NHS Pension Scheme Review - Consultation on draft regulations - 19 November 2008

21 November 2008

On 19 November 2008, the Department of Health started a consultation on the draft NHS Pension Scheme and Injury Benefits (Amendment) Regulations 2009. This consultation will last until 11 February 2009.