Category
Tag: Defined Benefit
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Teachers’ Pension Scheme: Capita-to-TCS administrator handover delayed to October 2026
The handover of TPS administration from Capita to Tata Consultancy Services has been pushed back a second time, now to approximately October 2026. What it means for active and retired teachers, and what (if anything)…
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The Pensions Regulator’s 2026 Annual Funding Statement: what ‘endgame planning’ means for DB members
TPR’s 2026 Annual Funding Statement reports 90% of DB schemes in surplus and shifts the regulator’s tone from deficit recovery to endgame planning. Here’s what run-on, buy-out, and superfund routes actually mean if you are…
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Councillors and LGPS investment decisions: what your pension can and can’t do
Pensions committees, fiduciary duty, the October 2026 governance shift, and what councillors can and cannot do about LGPS investment policy. A governance explainer, deliberately apolitical.
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Pension inheritance tax from April 2027: what public sector pension members need to know
HMRC’s 11 May 2026 technical note confirms how unused pension funds will be taxed for inheritance from April 2027. The main public sector DB pension is safe; AVC pots and DC pots are caught. Executors…
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LGPS six megafunds: which pool is your fund in, and what changes in October 2026?
From October 2026 every LGPS administering fund must channel its investments through one of six approved pools. Which pool covers your fund, what happens to former ACCESS and Brunel funds, and what changes in fund…
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Five things that changed in your LGPS pension on 1 April 2026
Five member-facing LGPS changes (England and Wales) came into force on 1 April 2026. Family-leave pension build-up, equalised survivor pensions, and backdated death grants explained, with worked examples.
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NHS pension contributions 2026/27: the new six-tier table explained
From 1 April 2026 the NHS Pension Scheme uses a six-tier contribution structure with rates from 5.2% to 12.5%. The threshold-vs-rate distinction most coverage misses, with worked examples.
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Closing public sector DB pensions to new entrants from 2030: what’s actually proposed
Policy Exchange has proposed closing the main unfunded public sector DB schemes to new entrants from 2030, with new public service workers joining DC instead. What’s actually in the paper, the £1.1bn / £6.1bn /…
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Pension Schemes Act 2026: what it actually does
The Pension Schemes Act 2026 received Royal Assent on 29 April. Six LGPS megafunds in statute, a £25bn DC scale floor, small-pot consolidation, DB surplus reform, what it all means in plain English.
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LGPS for councillors and mayors: who qualifies from 11 May 2026
From 11 May 2026, councillors at English principal authorities and metro mayors can join the LGPS. Who qualifies, what you actually get, and how to opt in, in plain English.