An update on pensions dashboards
For several years now, the pensions industry has been working on the idea of pensions dashboards: online tools enabling savers to view all their pension benefits from multiple schemes in one place. This could make retirement planning much easier for millions, by giving a clear and consistent view of how much their combined benefits are worth and what sort of income they can expect in retirement.
Identity verification exercise
If you’re a member of the Plan and live overseas, you may have received a letter from us about verifying your identity.
What does the Spring Budget mean for your pension?
On Wednesday 15th March, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a decade. The Lifetime Allowance is being abolished altogether and the Annual Allowance is being increased by 50%.
Your latest Pension Update is ready to view
The latest edition of Pension Update, providing you with latest news from the Plan and world of pensions is available to view online.
State Pension age change
Since 6 October 2020 the age that you can collect your State Pension has been age 66 for men and women.
How to cope with the rise in inflation
You may have some concerns around the rise in inflation, causing an increase in the cost of living. This is front of mind for the Trustees of the Plan who are considering the impact of this on our members.