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Pension scams
A lifetime’s savings lost in a moment
The Pensions Regulator has warned that pension scams are on the increase in the UK.
Some NHS Pension Scheme members may have already been targets.
‘One off pension investments’, ‘pension loans’ or ‘upfront…
Membership
How your membership totals have been calculated on your statement.
Your pension statement
We calculate the membership totals on your statement as follows.
Reckonable membership
This is the amount of membership used to calculate your benefits…
Maximum lump sum
Information on exchanging part of an annual pension for a lump sum.
At retirement, members may be able to exchange some annual pension for a lump sum / larger lump sum.
This applies to:
1995 section (except members who left before 1 April 2008…
Benefits payable on death
In the event of your death, a lump sum and pension benefits for your dependants may be payable.
The benefits payable will depend on your circumstances at the time of your death.
A lump sum on death is a normally tax free sum of money that:
is…
Promoting the statements
This section provides Total Reward Statements (TRS) and Annual Benefit Statements (ABS) information about:
promoting your local benefits
the promotional tools that will be provided to you
Add logos to TRS or ABS communications
We…
Your employer to do list
Key activities employers must undertake.
To do list
We provide overviews on activities that we advise you do to prepare your employees and organisation for:
Annual Benefits Statements to do list (Excel: 11KB)Total Rewards Statements to do list (…