Avon Pension Fund provides a range of pension benefit information services for members of the Local Government Pension Scheme (LGPS). Where there is a legislative requirement to provide the information requested then it is provided free of charge.
Current legislation permits the Fund to recover costs for the provision of additional services therefore provision of certain information is subject to administrative charges.
This schedule shows the current administrative charges applied by Avon Pension Fund for the provision of information and services that are chargeable. The charges are inclusive of VAT at the standard rate and these charges are reviewed annually by the Avon Pension Fund.
Payment methods
Where charges apply for any service requested, Avon Pension Fund must receive the payment in full before the requested information can be provided.
To pay please enclose a cheque made payable to ‘Bath and North East Somerset Council’ posted to the address at the top of this schedule. Please return the cheque with the Estimate Request Form and write your National Insurance number and surname on the reverse of the cheque.
Alternatively, you can pay electronically through online banking. The bank account details for payments by electronic payment (BACS) are as follows:
Account name: Avon Pensions Income Suspense A/C
Sort code: 56 00 34
Account number: 32113722
Quoting reference: EST/(insert your National Insurance number here)
Schedule of charges
Effective from 1 April 2017
(where a charge applies this is inclusive of VAT)
| Estimated benefits request | Comments | Charge applicable |
|---|---|---|
| Produce annual pension benefit statement | Statement posted to member and/or available my pension online | No charge |
| Produce estimate of pension benefits | Members can produce own estimates at my pension online | No charge |
| Produce estimate of pension benefits | Estimate request if member within 12 months of retiring | No charge |
| Produce estimate of pension benefits | Estimate request if member is outside the above criteria | £48 per each individual request |
| Additional estimate of pension benefit requests | Applicable if further estimate requests are made within 12 months of first quote | £48 per each individual request |
| Multiple requests for pension benefit requests | Above criteria applies to a single date or age request. Multiple dates/ages will incur multiple charges. | £48 per each individual request |
| Transfer value request | Comments | Charge applicable |
|---|---|---|
| Produce full Cash Equivalent Transfer Value (CETV) quotation for divorce or transfer out | Standard annual entitlement under disclosure of information regulations | No charge |
| Additional CETV quotations | Applicable if a further CEV quote is requested within 12 months of first quote | £241.27 for each quote for member not yet retired £191.10 for retired member |
| Provision of other information | If under disclosure of information regulations | No charge |
| Provision of other information | Otherwise, depending on nature of request | Up to £291.33 |
| Objections to order by scheme | Onus should be on the party drafting the order to ensure that it is correctly drafted prior to issue | Costs for dealing with inoperable orders will be passed on |