Pension Increase

There will be no inflationary increase applied to pensions in payment, from April 2016. This is based on instructions from the UK Treasury because, in the 12 months to September 2015, the Consumer Price Index (CPI) was negative (-0.1%). Any

LTA Changes

The Standard Lifetime Allowance is reducing to £1 Million from 6 April 2016 In the Summer Budget 2015 the Chancellor announced a reduction in the standard lifetime allowance from £1.25 million to £1 million from 6 April 2016, remaining at

ERRBO Update

An application for an ERRBO agreement should normally be made within three months of joining the 2015 Scheme for it to be effective from your first Scheme year. However the Department has agreed to permit any application for an ERRBO