Pensions Line - May 2016

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 May 2016

Employers' Survey: you said, we did

Survey image

Thank you for taking the time to respond to our Employers’ Survey last year. Apologies that it has taken us a while to get back to you about the results.

We plan to make some changes in response to your comments – find out about the results of the survey on the website.

Year End Data

Thank you to all those employers who have already submitted their year-end data. If you have not already submitted yours, please do so as soon as possible.

Full information about the data required can be found here.


2016 is valuation year, when the actuary values the fund and its liabilities and sets the contribution rates payable by employers for the 3 years from April 2017. Please respond promptly to any queries on your year-end data.

Please find the timetable on the website.

Exit Payment Consultations

There have been three consultations since August last year relating to restricting exit payments from the public sector.

The first was to restrict total exit payments to a cap of £95k.
The second was for repayments of exit payments.  
The third concerns the Government’s desire to standardise redundancy payments across the public sector and options on restricting or removing redundancy pensions.

More information is available on the website.

New Member Website

LGPS logo

A new national website for members of the LGPS has been launched. replaces  and The Additional Pension Contributions calculator is now on the new website.

Please update anything which directs members to the old national websites (including letters about buying back lost pension that direct members to the calculator).

Member Self Service and New Starters

Please make new starters aware that they need to sign up to Member Self Service to receive future communications from us. All communication to new starters happens electronically so if they don’t sign up, they won’t receive newsletters or their annual statements. Find out more.


We would like to remind all academies that they should notify us if they join or leave a Multi-Academy Trust (MAT) or if a MAT is disbanded. It is the MAT that is the employer rather than the individual schools so we need to know when this changes.

Negative Revaluation

The 2013 Regulations provide that benefits built up from 1st April 2014 (CARE benefits) are revalued each year in line with CPI. This year, CPI was negative so the revaluation applied to active members’ benefits as at midnight on 31st March was -0.1%.

Changes to Lifetime and Annual Allowances

Following changes made to HMRC's Annual Allowance and Lifetime Allowance regimes, the CLG have produced some useful factsheets for members explaining how the changes work and when they might affect them. These have now been added to our website and can be found at:

Annual Allowance
Lifetime Allowance

Let the Pru present to You

As you are aware Prudential  is our appointed in house AVC provider and part of their service is to offer presentations to employees in your workplace about AVCs and topping up benefits together with general information about how the scheme works. Find out more.


Pensions Admin
Investments Admin

LGE Bulletin
LGE Circular
Legislation / Guidance



Back Copies


Admin Quick Links

New Academy Guidance
IDRP Guidance
New Employer Guidance

Latest Employer News - don't miss out!

Keep up-to-date with the latest news from Peninsula Pensions through our latest news pages for employers now on the website. We will continue to send out Pensions Line as usual with links to all relevant information and articles.

Automatic Enrolment Updates

We have recently updated the employers' pages on the website with some new guidance and information on automatic enrolment here.