Guaranteed Minimum Pension (GMP) – an update

01/12/2020

In October 2018, the High Court ruled in the Lloyds Banking Group case that the Guaranteed Minimum Pension (GMP) benefits for men and women should be equalised for benefits built-up between 17 May 1990 and 6 April 1997.

An important update on funding from the Trustee of the Nationwide Pension Fund

26/11/2020

We’re pleased to inform you that the Society and Trustee have recently entered into an arrangement that includes providing the Fund with a substantial contingent asset.

Protect your pension

01/07/2020

Action Fraud have reported a 400% increase in scams as a result of coronavirus-related fraud with total losses reaching nearly £970,000. It’s more important than ever to ensure the safety of your pension.

Looking after your financial wellbeing

01/07/2020

We’ve put together some some top tips to help you protect your overall financial wellbeing during this time: set up ‘two factor authentication’, review your credit report, check whether your email address has been compromised, review your passwords...

Coronavirus update for members

24/03/2020

As the impact of the coronavirus is felt across the UK, we want to reassure members that looking after their pension is the Trustee’s top priority.

State Pensions increase by 3.9%

23/03/2020

From 6 April 2020 the State Pension will rise by 3.9%. Also, find out how the increase is calculated and what else is changing.

An important update from the Trustee of the Nationwide Pension Fund

19/02/2020

Following on from the Trustee announcement on 18 September 2019, about Nationwide’s proposal for changes to the pension arrangements for employees who are Active members of the Nationwide Pension Fund (NPF).

Equitable Life Update

23/12/2019

In 2018, Equitable Life announced its intention to transfer With Profits policies to Utmost Life and Pensions. The proposal was subject to policyholder, regulatory and Court approvals, and final approval was confirmed on 4 December 2019.

Pensions boosted under proposed living wage

13/12/2019

​Increasing the national living wage to an hourly rate of £10.50 would result in a pension boost of £333, according to calculations from Quilter (a leading provider of advice, investments and wealth management, both in the UK and Internationally).

Over 60s miss out on thousands of pounds of pension savings

12/11/2019

Savers over the age of 60 are throwing away up to £1.75bn in pension contributions by opting out of their workplace schemes, according to figures from Royal London.