News updates

Pensions are constantly evolving and there may be changes that affect your membership, so it’s important to keep up to date with what’s happening.

29 November 2022
Transfer of Prudential AVCs to Aegon – Rectification Update

Following on from our earlier communication, we can confirm that the rectification has now been completed.

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15 November 2022
Transfer of Prudential AVCs to Aegon – Update

Following the recent transfer of AVCs from Prudential to Aegon, it has come to light that an error occurred which resulted in some funds not being invested according to the fund mapping previously communicated.

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14 November 2022
Beware of pension scams over the festive period

The hustle and bustle of Christmas and the busy festive period can provide perfect opportunity for fraudsters to do what they do best – part savers with their money.

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24 October 2022
Pay your pension some attention events to take place in October

Pension Awareness Week events were originally scheduled to run in September but were postponed following the sad news of the passing of Her Majesty The Queen and the period of mourning that followed.

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24 October 2022
Reunite with an old or lost pension this October

National Pension Tracing Day takes place on 30 October and aims to encourage pension savers to track down old or lost pension pots.

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24 October 2022
It's free wills month

Free will month is taking place this October for a second time this year. It allows those aged 55 and over to have a will drafted or updated free of charge.

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10 October 2022
An update on transfer values

Some members have noticed that transfer values have reduced significantly in recent months.

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07 October 2022
Recent gilt market volatility

There has recently been a lot of media coverage about the financial stresses placed on pension schemes and in particular those who use liability-driven investment (LDI) as part of their investment strategy.

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22 September 2022
Impact of inflation and the security of your benefits

It is important to note that your Scheme benefits have some degree of protection against inflation.

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08 September 2022
Pay your pension some attention!

Organisations from across the pensions industry are joining forces this autumn/winter to help you understand your pension and get your retirement plans on target.

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11 August 2022
Annual Benefit Statements update

The 2022 annual benefit statements for the Scheme were posted to active members from the start of August.

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02 August 2022
ESPS Scheme Annual Meeting

The 2022 Scheme AGM will be held on Tuesday 22 November 2022, starting at 1pm.

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28 July 2022
Complete your Nominations online

With the recent launch of PenNet, it’s now easier than ever to tell us who you’d like to receive any benefits payable in the event of your death as you can make and update your Nominations online.

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22 June 2022
Register for and log into your online pension account today

You can now log into your personal pension account to manage your pension effectively.

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21 June 2022
Share your views with DWP

DWP seeks to explore what support members of pension schemes need to help them make informed decisions about how to use their savings.

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07 June 2022
Pensions Dashboards: bringing all your pensions together

Pensions Dashboards is a project run by the government with the help of a number of key delivery partners.

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16 May 2022
Guidance on your retirement options

If you’re aged 50 or over and ask to transfer out or access any defined contribution (DC) benefits, including Additional Voluntary Contributions, you may need to get free guidance on your DC retirement options from Pension Wise.

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09 May 2022
The Tapered Annual Allowance and the three-year carry forward rule

What is the ‘Tapered Annual Allowance’ and the 'three-year carry forward rule' and how could they affect me?

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09 May 2022
New Government rules for pension transfers

The Government has introduced a new system to help protect pension savers from scams.

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20 April 2022
Plan ahead with the new Lifestyle Calculator!

Find out quickly and easily how much money you may need for your life after work.

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19 April 2022
2022 pension increase

From 1 April 2022 your Scheme pension will increase by up to 4.9%. A proportionate increase will apply if you have been in receipt of pension for less than 12 months.

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28 March 2022
How the Spring Statement affects you

An update on the Spring Statement delivered by Chancellor Rishi Sunak on 23 March.

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21 March 2022
Financial advice and pension transfers

Members who are thinking about transferring their pension to another registered pension scheme should be careful about the financial advice they receive.

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16 December 2021
Season’s greetings and Helpline opening times

Changes to the Helpline opening hours over the festive period

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07 December 2021
Your latest newsletters are now available online

In these new issues, you can find out more about how our careful and considerate approach when it comes to funding has continued to stand up well to the challenges we've faced during the Covid-19 pandemic.

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29 November 2021
New rules to protect members from scam transfers

The Pensions Regulator gives pension trustees and scheme managers more powers to help prevent scams.

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10 November 2021
Update on Prudential AVCs – November 2021

We have come to the conclusion that Prudential is no longer an appropriate AVC provider for us and have selected Aegon as our AVC provider for future contributions

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27 October 2021
ESPS Scheme Annual Meeting

The 2021 Scheme AGM will be held on Monday 22 November 2021 starting at 1pm.

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27 September 2021
RPMI is changing its name to Railpen

The change does not affect the day-to-day administration or management of your pension.

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29 July 2021
Don’t let criminals steal your retirement

According to the Financial Conduct Authority, scammers defrauded people out of more than £2million worth of pension savings so far this year.

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26 July 2021
Prudential AVC update

Prudential, our current AVC provider, have made the Trustee aware of significant delays in the processing of contributions.

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16 June 2021
New name for pensions support

The Government-backed Money and Pensions Service (MaPS) is launching MoneyHelper.

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09 June 2021
Make sure your loved ones are provided for

Have you thought about what will happen to your pension, if you die before it’s claimed?

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20 April 2021
2021 pension increase

News about your Scheme pension increase for the 2021- 2022 tax year

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01 February 2021
Pension news round-up

A round-up of the latest developments that may affect your pension…

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04 January 2021
Pension resolutions

As we embark on another new year, it’s the perfect time to take control of your pension and set yourself up for the future. Here’s a few tips on how to start.

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16 December 2020
Early retirement option now available

You can now choose to access your pension as early as age 55, which is the legal, minimum retirement age.

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26 November 2020
Staying safe from scammers

Pension scams have been on the rise during the Coronavirus crisis.

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09 October 2020
State Pension age continues to rise

The age at which people can start claiming a State Pension has now officially risen from 65 to 66.

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21 September 2020
Your latest newsletters are here!

The 2020 issues of your SLC, Atkins, Cavendish Nuclear and NNL newsletters are now available online.

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03 July 2020
Support for pension savers

Two new sets of guidance have been produced to provide support for pension savers in the times of financial uncertainty caused by the Covid-19 outbreak.

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06 April 2020
COVID 19 - risk of pension scams

During this uncertain time members of many pension schemes might look to transfer their pension and they could be targeted by scammers.

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23 March 2020
Coronavirus update

A message of reassurance to our members.

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05 March 2020
Your 2020 pension increase

An article on the 2020/2021 pension increase including information on GMP and State Pension increase too.

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10 February 2020
SMART Pensions Annual Election

Members of the SLC Section need to take action by 20 March 2020.

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28 January 2020
Brexit update

The UK is officially withdrawing from the European Union on 31 January 2020 and will be in a transition period until 31 December 2020.

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28 January 2020
Member Trustees

We have recently completed a selection process for vacancies on the Trustee Board.

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11 October 2019
Your personal account… coming soon

You’ll soon be able to register for your own personal myESPS account to view details of your pension account.

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20 August 2019
Tell us what you think!

We'd love to hear your feedback on your new website, so please get in touch.

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30 July 2019
Pensions dashboards

Pensions dashboards were first announced in the 2016 Budget as a way to help people see information about all their pension savings in one place, including their State Pension.

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23 July 2019
Equalising benefits from Guaranteed Minimum Pensions (GMPs)

In 2018, a High Court ruled that benefits arising from Guaranteed Minimum Pension (GMP) must be equalised for men and women.

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22 July 2019
Electricity Supply Pension Scheme Annual Meeting

The Scheme’s Annual Meeting will take place on Monday 25 November 2019 at the offices of Eversheds Sutherland.

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22 July 2019
Magnox Electric Group Trustee Annual Meeting

The Magnox Electric Group Trustee Annual Meeting will be held on Friday 6th December 2019.

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08 April 2019
Lifetime Allowance increase for 2019/20

The Lifetime Allowance (LTA) increased to £1,055,000 from 6 April 2019.

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06 March 2019
New name unveiled for Single Financial Guidance Body

From 6 April, the Single Financial Guidance Body will be re-named as the Money and Pensions Service (MAPS).

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21 February 2019
New laws target pension fraudsters

In January 2019, cold calls on pensions became illegal. Make sure you know the warning signs of scams.

READ MORE >>

<< OLDER

News Archive

Did you know..?

You can find out more about the latest developments affecting your Scheme pension in your member newsletter.

Take me there >>

Transfer of Prudential AVCs to Aegon – Rectification Update

Transfer of Prudential AVCs to Aegon – Update

Beware of pension scams over the festive period

Pay your pension some attention events to take place in October

Reunite with an old or lost pension this October

It's free wills month

An update on transfer values

Recent gilt market volatility

Impact of inflation and the security of your benefits

Pay your pension some attention!

Annual Benefit Statements update

ESPS Scheme Annual Meeting

Complete your Nominations online

Register for and log into your online pension account today

Share your views with DWP

Pensions Dashboards: bringing all your pensions together

Guidance on your retirement options

The Tapered Annual Allowance and the three-year carry forward rule

New Government rules for pension transfers

Plan ahead with the new Lifestyle Calculator!

2022 pension increase

How the Spring Statement affects you

Financial advice and pension transfers

Season’s greetings and Helpline opening times

Your latest newsletters are now available online

New rules to protect members from scam transfers

Update on Prudential AVCs – November 2021

ESPS Scheme Annual Meeting

RPMI is changing its name to Railpen

Don’t let criminals steal your retirement

Prudential AVC update

New name for pensions support

Make sure your loved ones are provided for

2021 pension increase

Pension news round-up

Pension resolutions

Early retirement option now available

Staying safe from scammers

State Pension age continues to rise

Your latest newsletters are here!

Support for pension savers

COVID 19 - risk of pension scams

Coronavirus update

Your 2020 pension increase

SMART Pensions Annual Election

Brexit update

Member Trustees

Your personal account… coming soon

Tell us what you think!

Pensions dashboards

Equalising benefits from Guaranteed Minimum Pensions (GMPs)

Electricity Supply Pension Scheme Annual Meeting

Magnox Electric Group Trustee Annual Meeting

Lifetime Allowance increase for 2019/20

New name unveiled for Single Financial Guidance Body

New laws target pension fraudsters

News Archive

Did you know..?