Pensions Line July 2015

Peninsula Pensions

 A quarterly e-zine for Devon and Somerset LGPS employers

Employer Action Points

Pensions Wordle

Local Government Employers - Understanding CARE, Pay and Final Pay Training

The next topic-specific Understanding Workshops for Employers and Pension Administration staff are to be run in August 2015. Further details on the expected course content for ‘CARE, Pay and Final Pay’, locations and dates can be found here.

Ill Health Retirement

Cost of Medical Assessment: You may wish to review your policy in light of a recent Ombudsman’s decision where the Ombudsman concluded that the employer was wrong to charge the member for the cost of the medical assessment.

Ill Health Frequently Asked Questions (FAQs): These have recently been updated and the revised FAQs can be found here.

Please forward to colleagues within your organisation dealing with ill-health cases and your IRMPs who will also have an interest in this document.

Factsheets and leaflets

New Leaflets and Guidance

Scheme member leaflet: Following feedback from employers, we now have a member leaflet stating the main benefits of the LGPS scheme. Employers can download the leaflet to pass onto to their employees. We also plan to include a version within the Starter Pack we send to new scheme members.

Freedom and choice: The 2014 Budget stated that reforms to workplace pensions would be made with effect from 6 April 2015. They offer greater flexibility ('freedom and choice') in the way individuals aged 55 and over can access any Defined Contribution pension savings they may have.

We have produced a member leaflet on the legislation available on our website. It would be useful to make your employees aware of this leaflet which will greatly assist in answering any questions they may have.


Assumed Pensionable Pay (APP)

Some employers are not including APP in their data submissions to Peninsula Pensions resulting in wrong benefit calculations for members. Please refer to the LGE payroll guide to help with your calculations.


Absences and Additional Pensions Contributions (APCs)

There have been some recent amendments to the regulations effecting Additional Pension Contributions (APCs) which are detailed here.

The End of 'Contracting Out'

With effect from 6 April 2016 'contracting out' will be abolished. To find out what this means to employers and scheme members, please read our summary.

Changing pension

Administration Round Up


Pension Administration Strategies for both Funds have been approved with effect from 1 April 2014. They are available to view on our website. 

Pensions Administration Performance Report 2014/2015 our first shared service administration report can be found here.

Mailboxeswe have updated our secure email addresses for employers to use. Please check you are sending information to the right one here

July 2015

Devon Fund / investment updates

The 2015 Devon Pension Fund Employers Meeting was held on Thursday 30th April 2015 and was attended by senior managers representing their organisation. Further information can be found by following this link to our website.

The Devon Pension Fund Annual Report and Accounts 2013/14 were approved by the Investment and Pension Fund Committee on 12 September and by the Devon County Council Audit Committee on 25 September. The Annual Report can be found here. If you would like a hard copy of the Annual Report, please email Mark Gayler.

Latest investment update can be found here 

Investment and Pension Fund Committee Minutes can be found here.

Somerset Fund / investment updates

All the Somerset County Council Pension Fund committee papers are here, including an update on investment performance. 

Copies of the last five years of Pension Fund Accounts also available. Please contact Anton Sweet 01823 356854 with any questions.


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