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Here you will find the latest news from the West Midlands Pension Fund...

 

 


Delay in administering transfers/providing Cash Equivalent Transfer Values (November 2018)

The calculation of non-club transfers into and out of the Local Government Pension Scheme has been suspended as a result of the change to the discount rate from 29 October 2018, as announced in the recent Budget. The Government sets the discount rate for all public service pension schemes.

The discount rate also affects the transfer factors used in the calculation of Cash Equivalent Values for divorce purposes and also Interfund transfers.

We are awaiting updated factors from the Government Actuary's Department (GAD) which will take into account the change to the discount rate when calculating transfers to and from the Local Government Pension Scheme. We apologise for this delay and any inconvenience it may cause.


Updates to Scheme Actuarial Factors (October 2018)

The Fund has been made aware that the Scheme's actuarial factors are to be revised. We will keep you informed of any changes through this web page.

 

Annual Benefit Statements 2018 (August 2018)

Annual Benefit Statements are currently being uploaded to the Pensions Portal so "Be Pension Smart" and check your Pensions Portal account today! This year, the Fund has implemented a rolling benefit statement production to maximise the number of statements we produce. Visit our Annual Benefit Statement  page for more information.

 


New 'Be Pension Smart' video for contributing members  (August 2018)

If you are actively contributing to the scheme, please click here to find out how you can be pension smart.

 


Recent updates to the LGPS for active and deferred members (Disclosure Update July 2018)

If you are actively contributing to the scheme or you have a deferred pension benefit, there have been some recent updates to the LGPS.

For more information on these updates, please select the relevant link below:

 


New Pensions Portal Guidance & Support page (July 2018)

Click here for Portal Guides, videos and FAQs

Portal Guide Image
Portal Guide Image


The Fund has launched a new-look Pensions Portal (August 2017)

My Pensions Portal This link opens in a new browser window
My Pensions Portal

 

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