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Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate the capitalised cost for redundancy and interest of efficiency of the service have changed.…

In May’s newsletter we told you we would be contacting members using work email addresses held on ESR. This exercise successfully took place between 10 July and 19 July with over 1 million emails being sent. We are now working our way through the…

The Employer Newsletter is automatically sent to the email address we hold on record for the main pensions contact at each organisation. Therefore it is important that contact details are kept up to date. The contact details we hold for your…

In February we informed you that the Department of Health and Social Care (DHSC) has published the response to its consultation on proposed changes to the NHS Pension Scheme member contribution tiers and rates. The response confirms that the…

NHS Pensions are holding an employer live event on 19 July 2023 from 10am to 11:30am to discuss the changes to the NHS Pension drawdown process which will take effect from 1 October 2023. Please book your place via Eventbrite. 

It is really important that you keep the contact details for your organisation up to date. If you need to check or update the details held for your organisation, please email nhsbsa.contactdetails@nhs.net. Do not send these details to any other…

Employers using MCP to submit their pension contribution information can now view their contribution history within the service. This will show you the details of what was submitted and who in your organisation made the submission. Remember, if you…

The Department of Health and Social Care (DHSC) is consulting on changes to the NHS Pension Scheme Regulations 2015 concerning uplifts to member contributions in 2023 to 2024, in line with the Agenda for Change pay deal. When DHSC introduced…

Please note: This article and letter are for the attention of GP Practices who submit NHS Pension Scheme contributions via Pensions Online (POL) only. There will be a change of banking arrangements taking place at the end of March 2018. The…

The proposals in the consultation are to: deliver phase 2 of the review of member contributions introduce a new employer pension contribution rate in line with the results of the 2020 scheme valuation permanently remove abatement for special…