Pensions Line Special 2 - November 2020

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Pensions Line Special Edition

Changes to estimate processes following exit cap regulations

Following last week’s Pension Line where we provided details of the effect the Exit Cap Regulations would have on a large number of our employers, we have taken the decision to stop all employers from producing redundancy, efficiency and employer consent estimates during the interim period, 4th November 2020 to such time as the LGPS regulations are altered and the software updated.
Our in house Technical & Training team will produce the estimates on your behalf. To do this we ask you to complete our estimate request form which will shortly be on our website which includes providing details of estimated compensation package so that you will be able to see if, together with the pension strain cost, a member is likely to be over the £95k cap and their accompanying options. The form should then be returned to
We are currently updating our leavers form on our ESS portal to provide the additional information required to process such leavers.
As we move through this interim period we would ask that you inform the Employer & Communication team if: 
1. You are planning any redundancy exercises with a leaving date before or on 31st March 2021
2. You have any cases where redundancy notice was given prior to 4th November 2020 and the compensation package including pension strain costs, is expected to be over £95k.

Thank you

Peninsula Pensions

Keep us updated

Please remember to keep us updated with any changes in staff responsible for completing our forms (authorised signatories). This can be done by completing our via our online form.

You can also use this form to notify us of your IDRP Stage 1 Appeals Officer and any delegated authorised contacts.

Payment of Pension Fund Contributions

Please remember to inform us and the relevant Finance team each time you have paid your pension scheme contributions, by filling in the Monthly Contributions Form. If we receive the returns right away with the payments and they are correct - it makes the process so much easier, so please ensure that you build this form into your procedures.

If you are a Somerset Pension Fund employer, please contact the Corporate Finance Team for a copy of the Monthly Contribution Return:

If you are a Devon Pension Fund Employer, you will need to use the online EAS5 form. If you have not already registered, a login can be obtained from the Employer and Communications Team.


Employer & Communications  Team

Quick links

Employer Services (ESS) Guide

Peninsula Pensions Employers' Pages

Peninsula Pensions  Employers' Guide

LGPS regulations and guidance

Fund Investments

LGPS National Website


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