March 2024

Update on the Lifetime Allowance


Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax.

January 2024

Read the Summary of our Climate Risk Report


The Fund prepared its second annual Climate Risk Report in 2023 and a summary of this is now available.

November 2023

The 2023 Annual Review is now available.


We’re delighted to bring you the 2023 edition of Annual Review, which provides you with the latest news about the Fund and your pension.

August 2023

The 2023 edition of Pensionwide is now available


We’re delighted to bring you our 2023 edition of Pensionwide with news from the Fund about changes to our Privacy Policy, as well as information on the support available to you.

June 2023

Investment news – Trustee enters £1.7 billion longevity insurance policy with Zurich UK and PICA


Nationwide Pension Fund is pleased to announce that the Trustee has entered into a £1.7 billion longevity insurance policy with the UK insurer Zurich Assurance Ltd (Zurich UK) and the reinsurer The Prudential Insurance Company of America (PICA).

April 2023

What does the Spring Budget mean for your pension?


On Wednesday 15th March, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a decade. The Lifetime Allowance is being abolished altogether and the Annual Allowance is being increased by 50%.

Celebrating our first anniversary!


It’s now one year since Buck took on the administration of the Nationwide Pension Fund. We wanted to mark the occasion by looking at what’s changed over the last year and reminding you of some of the services available to you as a member.

December 2022

Changes to our Trustee Board – MNTD election results


This year, two of our Member Nominated Trustee Directors’ (MNTDs) Terms of Office were due to end and we ran an election process, with the ballot closing on 14 December 2022. We’re now pleased to announce the results of this ballot.

November 2022

Member Nominated Trustee Director election


From Wednesday 16 November 2022, members eligible to vote in the Member Nominated Trustee Director election will start to receive details from our election partner.

October 2022

Bank of England to purchase UK Government Bonds to ease the strain in the gilt market


The Bank took this decision fearing the fall in the value of gilts could have a negative impact on pension schemes. The Trustee Directors of Nationwide Pension Fund are alert to the market turbulence and have been reviewing the implications with their professional advisors.