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In December the Department of Health and Social Care announced proposals to change the NHS Pension Scheme regulations to enable NHS staff to work flexibly up to and beyond retirement age.  We included details of the DHSC’s proposals in our December…

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 changed. We are now able to…

POL will be available throughout August between 7am and 7pm apart from the following dates when there will be downtime for scheduled system maintenance: Sunday 20 August If we do need to bring POL down at short notice for urgent maintenance, we…

When entering a member’s retirement lump sum (part 10 of the paper AW8) in to Pensions Online (POL), you are unable to specify whether the member wishes to receive the maximum lump sum which may incur a tax charge, or whether they wish to receive…

Prudential have recently introduced a new online joining facility for members to join their MPAVC scheme. This service is available 24/7 and is already up and running. This has been introduced in addition to their telephone service where members can…

Following feedback from both our members and employers, we have made the decision that a member will qualify for a protection of pay estimate free of charge if they: are over minimum pension age intend to retire within the next 12 months. The…

During June the Stakeholder Engagement Team visited Birmingham and hosted two events for GP Practice managers. The events focused on basic administration of the NHS Pension Scheme and consisted of various workshops throughout the day led by…

When you are completing the retirement benefit claim form (AW8) on Pensions Online (POL), make sure you have entered the correct payable date. There are a number of common errors when submitting form AW8 via POL: Input as Age retirement but not…

Personal details and financial summary These are the details your employer held for you (or we held for you, if you're a deferred member), as of 31 March. It includes a summary of the total value of the pay and benefits for the year. If it's only…

Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’. The figures are based on market conditions at this date. Costs could vary significantly at…