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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.

Fashion show raises money for Mind in Croydon

On the 10  October, in recognition of World Mental Health Day 2018, we organised a local fundraising event called Never Mind the Catwalk to raise money for our charity partners Mind in Croydon.

Court of Justice of the European Union judgement - update

Following the judgment of the Court of Justice of the European Union (CJEU) last month, we have started to write to capped members who we believe are affected by the ruling. This is to confirm our records, because we do not have all the data we need to calculate the increase due. We will be writing in tranches over the coming weeks, so members who believe they are affected, but do not receive a letter immediately, do not need to contact us.

New levy estimate for 2019/20

We’ve announced the amount of levy we will collect in 2019/20 will be £500 million. This is down from £550 million in 2018/19.

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.

The Purple Book 2024

We’ve published the Purple Book 2024, the most comprehensive data and analysis of the UK defined benefit (DB) pension landscape.

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.