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Latest news

20/03/2024 - PENSION INCREASES 2024 - The increase to Final Salary, Hybrid and Pre 2019 Money Purchase pensions in payment from April 2024 is 4.5%. The statutory increase to the Post 88 GMP this year will be 3%. The Increases to post 2019 Money Purchase pensions in payment from April 2024 are 2.5% for post 2005 pension and 3.4% for pre 2005 and AVC pensions. The increase confirmation letters are planned to be posted by 15th April but we will update the web site if this is likely to change. If you have any queries on pension increases there is a Questions and Answers document available on the website here.

19/12/2023 - Pensioners pay for December will be paid on the 22nd December.

20/04/2023 - One-off discretionary uplift - The Trustees are pleased to say that final salary deferred members will receive a one-off discretionary increase of 1.3%. Members eligible for the uplift will receive a letter from the administrators in due course. Pensioners will also receive the same increase on eligible pension and will have been informed in their pension increase letter.



Money Purchase Investment Information

Members with Money Purchase benefits can either choose to invest in Retirement Pathway Funds or in a range of Self Select Funds. How you choose to invest your Money Purchase Account is an important decision. Your choice can make a real difference to the value of your Money Purchase Account, and the level of retirement benefits it will provide for you.

The information below has been provided to help you understand the investment options available and to give you access to specific fund information.

Money Purchase Investment Information