News
The articles provided are for general information purposes and do not necessarily impact your benefits from the Scheme. The Trustees cannot guarantee that the contents of these articles are correct/up-to-date.
Money on your mind?
Whether it's finances for now or the future, it isn't always obvious where to start when you're looking for help or information. A good starting point is MoneyHelper.
Pension transfers – guidance from the Financial Conduct Authority
If you are considering a transfer, the FCA suggests you read their guidance.
Have you considered a Lasting Power of Attorney?
Nobody really wants to think about a time when they may not be able to look after their finances. But there are all sorts of reasons why people can't - or don't want to - deal with things like their pension.
Can I boost my State Pension?
The amount of State Pension someone receives depends on their record of National Insurance contributions.
New pension tax allowances
Since 6 April 2024, the Lifetime Allowance has been replaced by two new allowances - the ‘Lump Sum Allowance’ (LSA) and the ‘Lump Sum and Death Benefit Allowance’ (LSDBA).
Finding lost pensions
Keeping track of your pensions can be a challenge – you may hold pensions from many years ago, or may have changed jobs multiple times, or moved house.
Defined Contribution (DC) savings in uncertain times
We would like to take the opportunity to remind you that if you have DC pension savings, you may want to consider reviewing your investment strategy to make sure it remains appropriate for any retirement plans you have.
Easy read guide to the new State Pension
The DWP has published three guides to the ‘new’ State Pension - this is the pension potentially available to those reaching State Pension Age since 6 April 2016.
How much should I save for retirement?
As part of its ongoing campaign to get people more engaged with their retirement savings, the Department for Work and Pensions (DWP) has published a website to help people plan for their retirement.
Boost your health, work and money with the Midlife MOT site
We all take good care of the things we love, but do you take good care of yourself? Your health, your work, and your money are important parts of your life. You deserve to have the best possible future for yourself and your loved ones.
Pension transfers - beware of scammers
Anyone can be the victim of a scam, including a pension scam, no matter how financially aware they are.
Who do you want to be your beneficiary/ies?
If a lump sum is payable on your death you should complete an ‘Expression of Wish’ form to tell the Trustees who you would like to receive it, although ultimately the Trustees will decide who the beneficiaries will be.
If you are a widow or widower, you can use our tool to see if you may be entitled to an inherited State Pension
LCP has developed a new tool to see if as a widow or widower you may be entitled to an inherited State Pension.
Changes to the Minimum Pension Age
The earliest age from which people can normally start to take their private pension benefits is changing from age 55 to age 57 from 6 April 2028. The Government confirmed this change in February 2021 for most pension arrangements.