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Could you serve the Royal Ordnance Pension Scheme?

If you have the qualities of good judgement, a willingness to learn and a desire to be fair as well as possess an energy and drive to serve your fellow members, maybe you could be a Trustee? Nominations are now being accepted for in-service members of the Royal Ordnance Pension Scheme interested in putting themselves forward for the role of Member Nominated Trustee. More info...Read more >

BAE Systems Pension Scheme: Contacting deferred members and Options to exchange benefits for a lump sum

The Trustees of the BAE Systems Pension Scheme are working with Xafinity, a leading pensions consultancy, to re-establish contact with deferred members. A deferred member is someone who has left employment, yet still retains a benefit entitlement in the scheme, although they have not yet put their pension into payment. Unfortunately not all members remember to notify their pen...Read more >

BAE Systems Pension Scheme - Option to exchange 'small pensions' for a lump sum

Changes in pension legislation may now provide some members of the BAE Systems Pension Scheme with an alternative option for how they may receive their benefits from the Scheme. Working with Xafinity, a leading pensions consultancy, the Trustees have analysed the membership of the Scheme and found that a number of pensioners and deferred members may be able to consider exchanging their small (als...Read more >

News for in-service members of the Royal Ordnance Pension Scheme - benefit statements due by August 2017

The Trustee would like to remind in-service members that their next benefit statement is being produced with an effective date of 31 March 2017 and distributed by August 2017. This follows a change to bring the Scheme's year end dates in line with the other BAE Systems pension schemes. This change does not affect Scheme members' benefits in any way.Read more >

Important Updates on Lifetime Allowance

The Lifetime Allowance is the limit on the total value of pension benefits that an individual can build over their working life without a tax charge. From 6 April 2016, the Lifetime Allowance reduced to £1.0 million. In order to help protect those individuals who have built up or are likely to build up pension benefits in excess of the Lifetime Allowance, there are various protections availa...Read more >