How my pension increases

The level of increase for pension built up after 1 April 2011 will be made in line with the increase in the Retail Prices Index (RPI) subject to a maximum of 5% each year. Pension built up before 1 April 2011 may increase at a different rate.

Any increase will usually be paid with effect from April and be based on the change in the index over the 12 months immediately preceding the previous September.

Any pension you've built up in the Fund prior to 1 April 2011 increases at a different rate to that described above.

Choose from the list of historic sections below.

Nationwide Final Salary members

Your pension above your Guaranteed Minimum Pension (GMP) will increase as follows:
Pension earned before 6 April 2009 will increase in line with the CPI up to a maximum of 5%.
Pension earned between 6 April 2009 and 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%.

Old CARE members

Your pension will increase as follows:
Pension earned before 6 April 2009 will increase in line with the CPI up to a maximum of 5%.
Pension earned between 6 April 2009 and 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%.

Portman Final Salary members

Your pension above your Guaranteed Minimum Pension (GMP) will increase as follows:
Pension earned before 1 March 2004 will increase at a rate of 5% a year.
Pension earned between 1 March 2004 and 1 April 2011 will increase in line with RPI up to a maximum of 5%.

Lambeth Final Salary members

Your pension above your Guaranteed Minimum Pension (GMP) will increase as follows:
Pension earned before 1 March 2004 will increase at a rate of 5% a year.
Pension earned between 1 March 2004 and 1 April 2011 will increase in line with RPI up to a maximum of 5%.

Staffordshire Final Salary members

Your pension above your Guaranteed Minimum Pension (GMP) will increase as follows:
Pension earned before 6 April 2009 will increase in line with the CPI up to a maximum of 5%.
Pension earned between 6 April 2009 and 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%.
Derbyshire Final Salary members

Your pension above your GMP will increase as follows:
Pension earned before 6 April 2009 will increase in line with the CPI up to a maximum of 5%.
Pension earned between 6 April 2009 and 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%.

Cheshire Final Salary members

Your pension above your Guaranteed Minimum Pension (GMP) will increase as follows: Pension earned before 6 April 2009 will increase in line with the CPI up to a maximum of 5%. Pension earned between 6 April 2009 and 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%. New CARE members

Your pension will increase as follows: Pension earned from 1 April 2011 will increase in line with the CPI up to a maximum of 2.5%.