Update on the Lifetime Allowance

13/03/2024

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.

Read the Summary of our Climate Risk Report

25/01/2024

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

The 2023 Annual Review is now available.

01/11/2023

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.

The 2023 edition of Pensionwide is now available

01/08/2023

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.

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

21/06/2023

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).

What does the Spring Budget mean for your pension?

04/04/2023

On Wednesday 15^th 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!

04/04/2023

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.

Changes to our Trustee Board – MNTD election results

21/12/2022

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.

Member Nominated Trustee Director election

15/11/2022

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.

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

04/10/2022

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.