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Hampshire Pension Services

News

August 2015

Annual Benefit Statements – delay in sending statements

We are currently working on our annual end of year process which allows us to prepare information for the Annual Benefit Statements.

Due to a number of factors including:

we will not be able to issue Annual Benefit Statements by the new* regulatory deadline of 31 August 2015.

What we are doing about this

We are working on the information from employers who did meet the required timescales first and aim to get these statements prepared and sent to the employer by the end of September 2015. We will then work on the information from employers who's annual returns were received after the deadline to get these statements out as soon as possible after this. We aim to get all statements out by 31 December 2015.

We will update this page on 16 September 2015 listing all the employers we have been able to issue statements for.

What the statement will include

It will include:

It will not include:

We will write to you separately if you have reached your Annual Allowance limit for 2014/15 or if you are close to your limit. If you require this information urgently, please contact us.

Future Annual Benefit Statements

We are planning to launch our online pensions system to all members over the next six months. This means that in future you will not get a paper copy of your statement unless you ask for one. You will be able to view your pension record online and will be able to tell us of some changes of details via a secure website.

We will write to your with details of how you can log onto the new system when it is available.

*This was previously 6 October.


March 2015

Coming soon - new governance structure for the Pension Fund and opportunities to be involved

Pensions governance

Member contribution rates from April 2015 confirmed

The contribution banding table for the 2015/2016 scheme year has been published.

Scheme contribution rates 2015/16


April 2014

Budget changes

Following the announcement in the recent budget on changes to pensions, many of you have been asking if this has any impact on the LGPS.

We are still receiving information about this but, as we know it at the moment, we can confirm that:

March 2014

Prudential- AVC contributions under the 2008 Scheme and Tax Free Cash


August 2013

2013 Active Annual Benefit Statements - Questions and Answers

Active annual benefit statements (ABS) are being distributed during September 2013.

Your annual benefit statement is based on your pay and scheme membership as of 31st March 2013. Therefore, if you were not an active member of the scheme on this date, you will not be sent an active benefit statement.

To help you with any questions you have following receipt of your statement, we have put together a full list of Questions and Answers. Please note these are only relevant for members of the Local Government Pension Scheme (LGPS) who have active membership in the scheme.


January 2013

Changes to the State Pension and the impact on the LGPS

Further to recent announcements of changes that will be made to the State pension.

We are unable to comment or give further detail on the impact this has to the LGPS which is currently a contracted out scheme.  We await for any relevant legislative and statutory changes before we are able to provide this.

In the meantime we have attached a couple of external leaflets which you may find useful:

Hymans Robertson: A Simple Foundation for State Pensions

Department of Work & Pensions: Single tier pension: A simple foundation for saving - Executive Summary


September 2012

Website Feedback

We are currently reviewing the navigation, layout and content of our Hampshire Pension Fund website, with a view to making it easier for you to use.

We would really appreciate it if you could spare us some time to complete our feedback form, telling us what you think of our website. If we haven't met your needs, we want to know about it. If you've got ideas on how to improve this site, we'd like you to share them. And if you found everything you were looking for and are leaving happy, we'd like to hear that, too.

All completed forms will be received by the Service Development Team inbox and all ideas will be taken on board.

Thank you in advance for your time



 

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