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Suspension of certain calculations involving actuarial factors In the budget on 29 October 2018, HM Treasury announced a revision to the basis for the calculation of Cash Equivalent Transfer Values (CETVs) payable from public service pension…

We are consulting on a new set of proposals to offer senior clinicians more control over their pensions growth, so they can continue to provide the services that patients need. Senior NHS clinicians are concerned that pension tax charges are making…

We anticipate that the Greenbury functionality within Pensions Online (POL) will be available from Monday 4 January 2021 (provisional, to be confirmed in December’s newsletter). Requests for disclosure information should be received by NHS Pensions…

Eligibility for active and deferred members joining (for the first time) or re-joining the NHS Pension Scheme We have published a new guide for employers on our website which provides guidance for active and deferred members when joining (joining…

The NHS Pension Scheme is a defined benefit occupational pension scheme. It’s open to all NHS employees and employees of other approved organisations. Pension benefits are based on earnings and how long a member has been in the Scheme. Backed by…

Jump to: Pensions scams Anyone can fall victim to pension scams because they can be difficult to spot. In one year, 1 in 17 adults were victims to fraud according to the 2023 Crime Survey for England and Wales.  Scammers are typically…

Electronic Publication of Accounts The maintenance and integrity of the NHS Business Services Authority’s website is the responsibility of the Accounting Officer; the work carried out by the auditors does not involve consideration of these matters…

There are 3 main reasons why an annual benefit statement (ABS) may not be available for your members. These are listed below with some examples: There is an issue that needs to be investigated. This could be because: We have a query about the…

There are three main reasons why a pension statement may not be available. These are listed below, with just some examples of why this may be the case. There is a data issue that needs to be investigated Examples include: an outstanding data…

Coronavirus (COVID-19) guidance and measures Latest guidance and measures, including: updated information on the NHS & Social Care Coronavirus Life Assurance Scheme 2020 information on the Coronavirus Job Retention Scheme (CJRS) and…