Avon Pension Fund
Administered by Bath and North East Somerset Council
Administered by Bath and North East Somerset Council
News Archive 2010| October 2010 |
 |
| The Government has now received responses to it's discussion document 'Restriction of pensions tax relief: a discussion document on the alternative approach', and has issued a 'Summary of Responses' which details the Government's proposals to reduce the Annual Allowance and Lifetime Allowance from April 2011. The main points of the 'Summary of Responses' are given here:-
Restricting Pensions Tax Relief - HM Treasury Document
Further information can be found at the HM Treasury website:- |
|
| October 2010 |
|
| Government announces spending plans – find out what it means for you and view the document in full | |
| October 2010 |
|
In this brochure we set out the options you have under the Local Government Pension Scheme AVC Plan for investing your pension savings. We explain briefly what the main types of investment are. We also help you find out what type of investor you are and what sort of investment funds you should consider. |
|
| October 2010 |
 |
| October 2010 |
 |
Employer Factsheet about Online Pension Access, includes a timetable of the changes, current developments and future developments to our online systems |
|
| October 2010
Independent Public Service
|
 |
The Hutton Commission has published its interim report on the future of public service pensions. The interim report, which sets out the case for change in public service pensions, can be downloaded in PDF format below along with an accompanying press release. The Commission's final report, looking at long-term structural reform options, will be published before the 2011 Budget.
Independent Public Service Pensions Commission - Interim Report
|
|
| October 2010 Changes to your Online Pension Access |
 |
You may already be viewing your Pension details online as a registered User to the Gandlake Website. With effect from 24th October, Gandlake will be replaced by a new host, Heywood. If you are a registered User to Gandlake, we will be sending you new Activation Key for the Heywood website shortly. The layout to the new website will look different but the facilities are the same - you will be able to view and/or print your Pension details as normal. |
|
| September 2010 |
 |
The Government has announced that it intends to change the measure that it uses for cost of living increases to public sector pensions. This means that cost of living increases to pensions in payment and to deferred pensions under the LGPS would be linked to the rise in the Consumer Prices Index (CPI), rather than to the rise in the Retail Prices Index (RPI). This would apply to increases due from April 2011. Although both indexes are measures of inflation, RPI and CPI are calculated using different methods and include different items. One major difference between RPI and CPI is that CPI does not include mortgage interest payments and so a change in mortgage interest rates would not affect CPI. For additional Information covering the likely impact of the change from RPI to CPI please see the linked documents below. |
|
| September 2010 Gandlake 'Online Access' |
|
Gandlake data will not be updated for our 'online access' service between
|
|
| September 2010
NEW ISSUE! |
 |
Avon Pension Fund has published its latest issue of the LGPS Employer Newsletter Summer/Autumn 2010 in the Newsletter section of the Employers Area. This edition of the LGPS Employer Newsletter includes a number of changes and developments which could affect your organisation as an LGPS Scheme Employer.Read More |
|
| September 2010 |
Regs2010.jpg) |
| August 2010 |
 |
The Employers section of our website has a new area regarding schools seeking academy status, within this section we outline the model funding agreement, briefing note from the department of education, the process the Fund has to complete before a school can transfer to be a new academy and the forms to be completed for this to commence. Read More |
|
| August 2010 |
 |
CLG -
(10) PRG45 Admitted Bodies & Related Matters |
|
| The Avon Pension Fund recently responded to the CLG discussion paper on issues concerning admitted bodies within the LGPS and the Fund's submission can be found in the above document. | |
| August 2010 |
 |
Pension provision has long been a hot topic for discussion. However, currently the spotlight is firmly on the public sector pension schemes, particularly given the impending Independent Public Service Pensions Commissions led by Lord Hutton. The cost of public sector pensions has also been highlighted once again, this time within the debate about public sector spending cuts. As a result much information has been put into the public domain about public sector pension schemes which is sometimes confused and often misrepresented. To help you through the minefield of information currently available we thought it would be useful to state some of the key facts about the Local Government Pension Scheme (LGPS): Read More |
|
| July 2010 |
|
Ahead of their spending review, the Government has set up an independent pensions commission under John Hutton to make recommendations on public service pensions provision which is sustainable, affordable and fair in the long term. The commission has invited evidence and views for consideration and the response of the Avon Pension Fund can be viewed in the document 'The submission from the Avon Pension Fund'.
Letter from the Hutton Commission on Public Service Pensions
|
|
| July 2010
Calculations of Additional Regular Contributions |
|
In the recent budget the Government changed the method by which Local Government pensions increase from Retail Price Index (RPI) to Consumer Price Index (CPI). We have therefore been advised to cease calculations of Additional Regular Contributions (ARCs) and Transfers to and from Pension Schemes outside of the Public Sector until the Government Actuaries Department issue new factor tables. Communities and Local Government have said that the new factor tables should be released in October. |
|
| July 2010
Deferred Benefits Guide for Leavers after 31st March 2008 |
 |
This is a short description of the conditions of deferred membership
|
|
| June 2010
Welcome to the LGPS - Pension Pack for New Members |
 |
The Pension Packs are designed to be provided to Employees electing |
|
| June 2010 |
 |
This is a short description of the conditions of membership
|
|
| May 2010
NEW ISSUE! |
 |
Welcome to the Spring 2010 edition of atease, our newsletter for Pensioner Members of the Avon Pension Fund. We hope you’ll enjoy the range of articles. As usual with the Spring edition there is an update on this year’s pension increase and details of pay dates for the year. We also have an article “Understanding your P60 and Pension Payment Advice” and what you should do if you have a query about your tax. Read More |
|
| April 2010 |  |
The Statement of Investment Principles details the policy which controls how a pension fund invests. Read More |
|
Regulations2010-cover.jpg)
| March 2010 |  |
|
The online benefits calculator estimates your retirement pension and
The online benefits calculator is only intended as a rough guide of your pension benefits. |
|
| March 2010 |
 |
This document highlights the changes which alter the way that a |
|
| March 2010
NEW ISSUE! |
 |
Welcome to the latest edition of Avon Pension News. We include the highlights from the 2008/09 Scheme Annual Report and Accounts which this year includes additional information on our Key Performance Indicators on the service we gave you and how you rated the service you received. There have been some important changes at our AVC provider Friends Provident. We keep you in the picture with information on page 7 and finally LGPS benefits were extended last year to provide a dependant’s pension for Cohabiting Partners in addition to spouses, but only if we hold a completed Nomination Form. We tell you what to do to make sure your loved ones won’t lose out. Read More |
|
| February 2010
A-The Consultation Letter LGPS (Miscellaneous) Regulations 2010 |
Regulations2010-WEB.jpg) |
| February 2010 |
|
The Pension Packs are designed to be provided to Employees electing |
|
| February 2010 |  |
The Fund has issued a 'Guide to Employer Online Access' |
|
| January 2010 |
|
This is a short description of the conditions of membership
|
|
