GOVERNMENT PENSION CHANGES – APRIL 2015

GOVERNMENT PENSION CHANGES – APRIL 2015

Branches will be aware that the government have legislated for a number of changes related to pensions being introduced as from April 2015.  These changes applied to certain types of pension arrangements and are designed to provide a greater level of choice, access and flexibility in how the pensions are paid.

Attached, for your information and circulation to representatives is a Reps Brief, which has been prepared in conjunction with our Actuarial Advisors, First Actuarial.

Any enquiries on the above should be addressed to the Deputy General Secretary (Postal).

Yours sincerely                                        Dave Ward                                                  Deputy General Secretary (P)       

New Pension Rules from April 2015