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What are factors?

As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before, after or on your retirement date, and whether or not you take a tax-free lump sum. 

Join our #WorkWithMe webinar

Following our progression to Disability Confident Leader, we’re excited to join #WorkWithMe for this very special virtual event.

National Apprenticeship Week 2019

National Apprenticeship Week runs from Monday, 4th to Friday 8th March 2019. This annual week-long celebration of apprenticeships will bring the whole apprenticeship community together to celebrate the impact of apprenticeships on individuals, employers and the economy.

You can now find us on Facebook

This week marks the launch of our new Facebook page. If you are a member, a scheme we look after or a stakeholder, our Facebook page is a new way to connect and engage with us online.

Deadline to apply for Pension Credit approaching

The deadline to apply for Pension Credit and qualify for the cost of living payment is 18 December 2022.

We've retained our UK Stewardship Code status

We're delighted that the Financial Reporting Council (FRC) has confirmed we've continued to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a fourth consecutive year. 

How trustees can prepare for the unexpected

Good risk management is a key characteristic of a well-run pension scheme, and an important part of a trustee’s role. 

Sara Protheroe joins the Board as an Executive Director

We’re pleased to announce the appointment of Sara Protheroe, our Chief Customer Officer, to the Board with immediate effect. 

Our commitment to improve gender balance

Today is International Women’s Day 2019, a day to celebrate women's achievements, raise awareness against bias and take action for equality.

Our 2019 Gender Pay Gap report

As of 31 March 2019 our median gender pay gap stood at 13 per cent (17 per cent in 2018). The mean pay gap is 22.5 per cent (23.5 per cent in 2018); the median bonus gap is 30.5 per cent (unchanged from 2018) and the mean bonus gap is 66 per cent (59 per cent in 2018).