Pensions Increase: The application of increases to LGPS pensions in payment: Pension Funds: Current: Version 1.0 [PDF] Appendix A [PDF] Appendix B and C [PDF] The main elements of our work include: evaluation of the key controls within the main accounting systems an audit of the annual accounts and the provision of an Independent Auditor's Report. |:/]C!G.EW\!2NPJ2rF( ! Latest updates: Pensions Administration Strategy (PAS) 1st March 2023 Latest updates: Pension Increase/CARE Revaluation (20th February 2023) 1 2 3 4 5 Next COVID19 Brief Guide to LGPS SPFOnline APC calculator Extra Pension Lost Pension Prudential AVCs Contribution calculator Rule of 85 checker Guide to the LGPS FAQs Jargon Buster <>/Metadata 728 0 R/ViewerPreferences 729 0 R>> The University and College Union (UCU), a trade union representing 110,000 staff at UK universities, ran a major series of connected strikes in 2018-23. Strathclyde Pension Fund [SPF] (restricted to staff who were members before the merge with Northern College) Medical Research Council [MRC] Tax Implications and the Lifetime Allowance. ;PfkjDhky+2cO3R.U XQ8w%zJfk!}WVnfp@/wE= 7 Youre viewing 5 of 168 commitments. As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members. As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it. What if I should die before receiving my deferred benefits? ORDER. The pensions increase for 2021 is 0.5% The pension increase for 2020 was 1.7%. Can I convert my lump sum to annual pension? Your April 2017 payment will only reflect about 2/3 of the increase, as it takes effect from Monday 10 April 2017, not from 1 April 2017. Can I release part of my pension pot to receive a cash lump sum? Asset allocation as of March 31, 2022. . <> 6 0 obj Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023). 3 0 obj Can I have my pension paid into my overseas bank account? I note in the recent filings the discussion of . If you are interested in flexibleretirement, you will need to obtain your employer's permission. . Click on a year at the top of the list to view all of the meetings for that year. LGPS is available to staff in Grades 1 to 5 who commenced employment with the University prior to 1 April 2003, or from 1 January 2017 onwards. Your benefits for membership after 31 March 2015 have a normal pension age of your State Pension age. %PDF-1.6 % Over the past half of the 2020 fiscal year alone, the pension fund's value dropped from nearly $80 billion to $76.7 billion, according to Treasury records. We have been working with our advisers to try to make an early assessment of the likely impacts on the Fund. The increase to your pension will be 10.1%, which will be applied to your pension from 10 April 2023 Read More Our 2023 Charity Partner 17/01/23 We are proud that our colleagues have chosen to support Children's Hospices Across Scotland (CHAS) as our charity partner for 2023. 23808 0 obj <> endobj % Strathclyde Pension Fund Voting Activity Q2 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction STRATHCLYDE PENSION FUND SPF OLDFIELD SS&C TECHNOLOGIES HOLDINGS, INC.US78467J1007 472200 11-May-2022 Annual General Meeting 1. 6N ! Strathclyde Pension Fund May 2022 - Present 1 year 1 month. This is a profile preview from the PitchBook Platform. However, before retiring, members do have the right to transfer their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits'. Development partner announced for Central Winchester Regeneration at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. UK Government today confirmed that the full 10.1% increase (from last September's CPI) will apply to pensions in payment and Career Average Revalued Earnings (CARE) pension revaluation. q02b0ya "S}(rvJY$Cw)XD8f Zux=Mb>I_Ct{@TI]=_USzUPW f$>2Dee=E\Wjbw\)GH5=!C0? Get the full list, To view Strathclyde Pension Funds complete mandates history, request access, Youre viewing 5 of 11 team members. 4 0 obj Even deep into 2022, long past the point where she was thoroughly discredited, the usual suspects in the media continued to promote her conspiracy theory. Youwill get an increase in pension every April if prices have increased. My 2022 pension update does not show a lump sum amount? It makes sure that all pension benefits are paid in line with the rules and regulations . LGPS pensions did not go down from April 2016 despite the UK being in deflation. 7 0 obj endobj 3.1% The pension increase for 2022 will be 3.1% (based on September's inflation figure). Established in 1975, SPFO is a pool into which employees' and employers' contributions and investment income are paid and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. stream I am over age 55 and want to retire. 'X=/~5t~8?S:j,_kKZ)k|- ?&S` The firm offers investment strategy and structuring and investment management services. endobj I have moved overseas. Contact Email spfo@glasgow.gov.uk. Aberdeen Asset Management is to acquire Arden Asset Management LLC, a hedge fund business based in New York and London. Institution: Strathclyde Pension Fund Headquarters: Glasgow, United Kingdom AUM: 23.08bn Bitesize: 10-50m Strathclyde Pension Fund has awarded private corporate debt mandates to three fund managers following an RFP issued in late 2019.. Alcentra, Barings and Partners Group have proved successful following a final tender, with the managers being awarded a 1.25, 1.25 percent and 1.0 percent . Xbj: Don't I need to give my P45 to my new employer? This needs to be confirmed in the Pensions Increase (Review) Order and Public Service Pensions Revaluation Order which will be made in parliament early in 2023. We're so pleased to announce that we have made the shortlist in the Pensions for Purpose Place Based Impact Investing Award. Revision. The pension increase for 2019 was 2.4%. There was no pension increase in 2016 as the Consumer Prices Index for the year toSep 15 was negative. Only those who took their Local Government pension or became a deferred pensioner on or before 26 April 2021 will receive the . February 14, 2022. February 14, 2022. xKO0 3v$HHeiCMK%H (iW-V`5$xfe 5@E6\L Will my benefits be reduced if I take them before normal pension age? Save article. LGPS - Strathclyde Pension Fund: Russia/Ukraine publishes on its website: The Russian invasion of Ukraine is clearly a humanitarian tragedy. The Chief Secretary to the Treasury has issued a written statement to this effect, with the Public Service Pensions Revaluation Order 2022, coming into force on 11 April 2021. If you meet the Rule of 85 and are over 60 when you retire, reductions will not apply to benefits that have Rule of 85 protection. 1 0 obj 11 March 2022. Can I transfer my deferred benefits to another pension scheme? How do annual allowance (AA) and lifetime allowance (LTA) work? endobj _76G]ue=Z-(R,@o-XM\YJ7K4Ki?_? I have moved house. If you decide to opt out of the pension scheme you may be automatically re-entered under the automatic enrolment regulations. If you take your benefits before normal pension age, some or all of your benefits will be reduced. stream at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. As illustrated below, Strathclyde Pension Fund has made five commitments to private equity funds with a 2019 or 2020 vintage year, which combined constitute 125 million. Are Pension debits deducted on my statement? LGPS pensions did not go down from April 2016 despite the fall in CPI. We expect that this will be the basis for April 2023's pension increase of pensions in payment, and revaluation of all career average benefits for active and deferred members. Am I able to transfer in service from a previous employer? What were the April 2016 changes to state pension, contracting out and NI? <>/Metadata 1295 0 R/ViewerPreferences 1296 0 R>> It will support promising SMEs across Scotland with . Any questions? Public Sector pensions are set to increase by 3.1% from 11 April 2022. The estimated market value of pension fund assets also dropped significantly last year, again because of the sell-off. Real estate fund manager PfP Capital said the additional capital from the UK local government pension scheme will help to the Mid-Market Rent (MMR) fund deliver the next . Strathclyde Pension Fund Voting Activity Q4 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction SPF OLDFIELD. 2 0 obj Scotland's largest council pension fund is to end investments in fossil fuel companies that are not strongly committed to reducing emissions. The value of your benefits Contacting us Getting further help and advice Reduced pay or unpaid leave Furlough and how it affects your pension This is the meeting schedule for Strathclyde Pension Fund Committee for the year 2022. to carry out an actuarial valuation of the Strathclyde Pension Fund ("the Fund") as at 31 March 2020 as required under Regulation 60 of the Local Government Pension Scheme (Scotland) Regulations 2018 ("the MARSHALL, JR., District Judge. From state pension age (You can check your SPA here) you canretire and receive your benefitswith no reductions. endstream endobj startxref How does this affect my deferred pension? Will I still get my pension paid on time? Pension Increase/CARE Revaluation (20th February 2023) UK Government today confirmed that the full 10.1% increase (from last September's CPI) will apply to pensions in payment and Career Average Revalued Earnings (CARE) pension revaluation. The Fund, which closed at over 60 million, has been launched with support from British Business Investments and Strathclyde Pension Fund. As well as having almost half of the total net assets, Strathclyde Pension Fund also has the largest number of members; accounting for 42% of members across all Scottish Local Government Pension Funds (258,378 from a total of 613,195). endobj Can I receive my benefits? - 03 March 2022. The New Age Banking Summit - Oman is the region's leading conference to explore business-critical needs and disruptive banking innovations. Lockdownists wanted an elaborate conspiracy theory to try to excuse blue states being outperformed by Florida, and Rebekah Jones was happy to sell them it. <>>> / H:lk`$W,+a$UuxCQ'1#;0_]#g3 +HVLY>W:.A 2AXB3h2ua,F2Y3@!t!sP>qfd;ZM%* O6U9_"'E2`oUX1&aNyRsU.~ Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023). Merchant Navy Officers Pension Fund. I want to take my deferred benefits. Watch a short video on pension tax, and find further links to what options might be available to help you manage. 1. 2023** 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Share Price 0.00 -46.15 85.71 -32.53 -16.16 -26.67 12.50 23.71 7.78 4.65 33.33 34.38 26.32 . The Strathclyde Pension Fund Committee met right to consider an Fund's 2022 Annual Report and Financial Statements.. at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. The previous six pension increaseswere: Apr-15 1.2%;Apr-14 2.7%; Apr-13 2.2%; Apr-125.2%; Apr-11 3.1%; and Apr-10 0%. Public Agenda (1.5MB) Public Minutes (0.05MB) Agenda. be6"Vo~7x5PAG#dzy3~Z}I%[=~C&KoG.f|WQz 2 0 obj x002?X-}*:p@l @ a31>b0 HS 2022 Inflation Increase (19th October 2022) Employee Contribution Rates for 2023/24 SPF Committee Meeting (1st March 2023) Pensions Administration Strategy (PAS) 1st March 2023 Pension Increase/CARE Revaluation (20th February 2023) Accurate Data Services Archive News 2023 2022 Committee Meeting (2nd March 2022) SPF Committee Meeting (21 June 2022) Co-located with the Oman Banking and Finance Awards, powered by Oman Economic Review. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023), SPF Committee Meeting (7th September 2022), SPF Committee Meeting (23rd November 2022). ;nL=go}rJJHT Get the full list, Youre viewing 5 of 12 board members. You can check The Rule of 85. Congratulations to the others that 1(|R$ He joined Gartmore Investment Limited in 1991, during this time, he Your May payment will reflect the increase in full. As of 31 March 2021, the fund had 26.176 billion in assets under management, an increase of 716 million since December 2020. It pointed out that Scottish LGPS funds were all "close to or above" full funding, which it said . Environmental groups have been calling for years. The EG Interview: PfP's Catherine Webster on being 'unashamedly capitalist' | EG News %PDF-1.5 Strathclyde Pension Fund Voting Activity Q1 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type# Items Vote Instruction STRATHCLYDE PENSION FUND SPF VERITAS AENA SME SA ES0105046009 168761 31-Mar-2022 Ordinary General Meeting 13 F SPF LAZARD INTUIT INC. US4612021034 22097 20-Jan-2022 Annual General Meeting 1A. Stirling Providing independent advice and support to pension funds and charities. Pensioners will see the full state pension rise by 5.55 a week from next April, but they will lose out on nearly 500 a year after the triple lock promise was broken. This means active pension accounts, deferred . 14 March 2022: Aggregation: Technical guide: Pension Funds: Current: Version 2.0 [clean] [PDF] 19 January 2016: Aggregation: Leaflets for re-joiners: Pension Funds: Current: . Millions of pensioners will see an inflation-linked increase to state pension payments next year. kKRq@E !6 $Q3HerO=}1;8~s> O-)Z<246;?R4Vk8hAuV_TcX>c>!|1K#=b})1cnieAlAiYd?gB}uYXU C]fph55s0v@6sK"aWhe The Universities Superannuation Scheme (USS) is the main national pension scheme in the Higher Education Sector. The amount by which LGPS benefits are increased annually each April is based on inflation during the 12 months to September. 2 0 obj The in-service revaluation for the 2018 Local Government Pension Scheme in respect of 2021/22 will be 3.1%. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pension Increase/CARE Revaluation (20th February 2023), Pensions Administration Strategy (PAS) 1st March 2023. 8 0 obj I have other periods of membership with SPF? Will my spouse / dependants be entitled to a pension if I die on pension? Strathclyde Pension Fund is one of the 2 biggest LGPS funds, one of the top 20 UK pension funds and one of the top 50 European pension funds. 9|:>UN)0y{Q:_i(pSg5ht'0AC2h0PXPr,4KAp'"shx7%sO0%W6 Ex We will be applying this to all SPF pension accounts from April. stream { 4 J86~Y0 NeR\%(P2@IQQQ!->H&s0Y1J A spokesman for Strathclyde Pension Fund said: "Families not disclosing. F hbbd```b``> "7HY ,gZ&MA$H=LZIVx \"J"`3kI ~YH}L&a7 -_ 23831 0 obj <>/Filter/FlateDecode/ID[<675D37243EFFEF448DEF35F8EB383C10>]/Index[23808 36]/Info 23807 0 R/Length 112/Prev 809019/Root 23809 0 R/Size 23844/Type/XRef/W[1 3 1]>>stream PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. The pension increase for 2017 was 1%. <> We explain what else the Chancellor has in store for pension savers. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 31 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The Court certified the following class under Federal Rule of Civil Procedure 23 (b) (3): T`$#12G^x9V0=sSS The increase is payable once you are 55 or if you retired on ill health. How do I inform Strathclyde Pension Fund Office? at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. endstream Read More McCloud/Sargeant and the 2015 Remedy pension calculators Phone Number 0345 890 8999. However, the 21.5bn (24.1bn) Strathclyde Pension Fund said in a draft response to the consultation that the more extreme proposals were not necessary as there was "no evidence to suggest that the current model is fundamentally flawed". The amount by which LGPS benefits are increased annually each April is based on inflation during the 12 months to September. DeGNy:C|g_ $%Wc[w~Q d~5]U O) :^J\\ <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> This was from a total value of 27.907bn. How are my retirement benefits calculated? Glasgow City, Scotland, United Kingdom Director Horizon Investment Advisory Limited Jan 2018 - Present 5 years 5 months. United States District Court, E.D. xKk09zZ6B>B &u~IyY6FQ2q64Q/fT(P"C"I9T81^B&Th U||{i6&NGr ^MfEffe6]3&f@"vyq-(F$&`a_'$BC5q&.+ |7b\ Q5oF;$1pNbnu!RDlp^m:E)p0 BjN(N%3I3M cUVN)t\2p. There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023), Freedom and Choice Q & A for LGPS members. This tracks your activity using third party cookies. We will be applying this to all SPF pension accounts from April.

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