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Final Pay Control and the 2018 Agenda for Change pay revision
NHS Pensions has been informed by the Department of Health and Social Care that any Final Pay Control charge from pay increases solely in respect of the recent Agenda for Change (AfC) pay changes from 1 April 2018 will be reviewed and application of…
DHSC announce consultation on April 2024 scheme regulation changes
The Department of Health and Social Care has announced a consultation on proposed amendments to the NHS Pension Scheme regulations to be introduced in April 2024.
The proposals are to:
deliver phase 2 of the review of member contributions…
Temporary suspension of cash equivalent transfer value (CETV) calculations
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 transfer values for non-Club transfers and pensions on divorce will change.
We have been…
Information for employers on changes to early and late retirement factors
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 early and late retirement factors from the scheme have changed. These have been implemented…
Part time pensionable pay update
Further to an article in the January 2016 Employer Newsletter, we are continuing to consider the system changes required to ensure that the whole time equivalent pay is calculated correctly for part time staff who are in receipt of supplementary…
New process for non-POL employers requesting changes to information
As per the last pensions update explaining the removal of the paper AW171, we wanted to confirm the process for non-POL employers requesting changes to information.
Instead of sending in the AW171, all non-POL employers will now need to submit the…
Annual Employer Satisfaction Survey 2017/18
In 2017/18 we focused on obtaining feedback from both members and employers to allow us to implement changes within our business or reaffirm that our current processes are fit for purpose.
The 2017/18 Annual Employers Survey will be released in…
Letter of authority policy amendment
In order to allow a third party access to a member’s pension information, we require a letter of authority from the member. We ask that letters of authority only hold details for one individual at a time. Each member should have a separate letter of…
Organisations who outsource their pensions activity to third party providers
Please remember that if you outsource your pensions activity to a third party provider, it is your responsibility for ensuring the administration of the NHS Pension Scheme is:
a) carried out in a timely manner and is in line with the Scheme…
Department of Health and Social Care launches consultation on changes to the NHS Pension Scheme regulations
The Department of Health and Social Care is consulting on proposals to change the NHS Pension Scheme regulations.
The changes will make survivor benefits in the 1995 Section equal
There are two NHS Pension Schemes, the 2015 NHS Pension Scheme…