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PensionBytesNews, views, and announcements from your Trustee

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Change your password on MyPension

From time to time it’s a good idea to update the passwords you use to access accounts which are personal to you.
Plan news Trustee Image of GMP proposal: confirming our decision

GMP proposal: confirming our decision

We wrote to certain members in May to explain that: we need to address a historical inequality arising from legislation, relating to some Guaranteed Minimum Pension (GMP) benefits in the Plan; and that to do sowe proposed to convert all GMPs into a different form of pension – ensuring that there was no reduction to...
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Administration update

As your Trustee, we are supported by several professional advisers or organisations who are experts in providing specific services.
Plan news Funding Investment Tax & Legislation Trustee Image of Discretionary increases

Discretionary increases

Depending on your communication preference, we recently sent to you either an email or letter about Discretionary increases within the Plan. A copy of the content from this is shown here. 
Tax & Legislation Image of Lifetime Allowance changes explained

Lifetime Allowance changes explained

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your pensions before having to pay additional tax.
Tax & Legislation Image of Update on the Lifetime Allowance

Update on the Lifetime Allowance

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000. 
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