Phone Number 0345 890 8999. 3 0 obj I have Re-joined the LGPS. Will my benefits be reduced if I take them before normal pension age? Can I convert my lump sum to annual pension? %PDF-1.7 PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. The value of your benefits Contacting us Getting further help and advice Reduced pay or unpaid leave Furlough and how it affects your pension Strathclyde Pension Fund [SPF] (restricted to staff who were members before the merge with Northern College) Medical Research Council [MRC] Tax Implications and the Lifetime Allowance. % investment return over last 10 years 699 million total pensions and chunks sums . Public Agenda (4.07MB) Public Minutes (0.14MB). The triple lock previously. 2023** 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Share Price 0.00 -46.15 85.71 -32.53 -16.16 -26.67 12.50 23.71 7.78 4.65 33.33 34.38 26.32 . This means active pension accounts, deferred . Strathclyde Pension Fund is a public pension fund based in Glasgow, Scotland. 1 0 obj 2023 PitchBook. The Strathclyde Pension Fund is one of the 20 largest UK funds and one of the top 50 European pension funds. 4 0 obj F Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW. endobj The decision was enabled after The Social Security. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023), Freedom and Choice Q & A for LGPS members. Public Sector pensions are set to increase by 3.1% from 11 April 2022. sn7R1M.0D]3GNC]g PJ-,?C )n;1?.k_q|`h`t|ghY!bfWs[Rv+7x{)mg4WTV53Zdq @&wP!Q{H'@v%qgoL*3& It+GJgtk1q;N1H!2?w<4|G0B#5_l1D?p]EUh+~vbUrW1DGOe9DD}9Uq?7}?~3pa|60p>Swu*Qrbj,xbVj}9>g TOgg}oo7UM7Ph{xkr}Y MqDv&@A~sN}FWTf`F#c'y h-#|"-Y]}F;- D?Lk`HZ5 CP/qYY[}lEDxHHQq%LcNmv C=B&=!$.Lk+VnI ZL6|+lkF@t&. Asset allocation as of March 31, 2022. Queries regarding the statementshould be addressed to Strathclyde spfo@glasgow.gov.uk or call 0845 213 0202. 2 0 obj How do I update my marital/partnership status? The pensions increase for 2021 is 0.5% The pension increase for 2020 was 1.7%. Are my Additional voluntary contributions (AVCs) shown on my statement? Back to. <> :=Fl &6 QCJn4X(!/yx(v245k@"0\w&}2;4=z Read More McCloud/Sargeant and the 2015 Remedy pension calculators 6 0 obj Is a lump sum paid on death of a pensioner? . <> The pension increase for 2019 was 2.4%. As well as having almost half of the total net assets, Strathclyde Pension Fund also has the largest number of members; accounting for 42% of members across all Scottish Local Government Pension Funds (258,378 from a total of 613,195). 7 0 obj United States District Court, E.D. Pension Increase/CARE Revaluation (20th February 2023) UK Government today confirmed that the full 10.1% increase (from last September's CPI) will apply to pensions in payment and Career Average Revalued Earnings (CARE) pension revaluation. Click on a year at the top of the list to view all of the meetings for that year. The New Age Banking Summit - Oman is the region's leading conference to explore business-critical needs and disruptive banking innovations. ORDER. Established in 1975, SPFO is a pool into which employees' and employers' contributions and investment income are paid and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. The Strathclyde Pension Fund Committee met right to consider an Fund's 2022 Annual Report and Financial Statements.. Am I able to transfer in service from a previous employer? we may earn affiliate commission, which helps fund our not-for-profit mission. 3 0 obj at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. It will support promising SMEs across Scotland with . endstream *]SE/q^v# olXp]!Kd!sIg0^t;`8]%eZ0H8sN%pSm)7(qa'}=!]1_|s@1XxTE!Kxo[CJ|oiL/-!!CJ(Ver%{}a|Z1}yH2-VV"fKaTd~y&l47YE*}}Fl\N[!bZZg ;=p"R9|P Strathclyde Pension Fund Voting Activity Q4 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction SPF OLDFIELD. If you decide to opt out of the pension scheme you may be automatically re-entered under the automatic enrolment regulations. United Kingdom pension funds will increase . endobj <> 2 0 obj As illustrated below, Strathclyde Pension Fund has made five commitments to private equity funds with a 2019 or 2020 vintage year, which combined constitute 125 million. A spokesman for Strathclyde Pension Fund said: "Families not disclosing. The pensions increase for 2023 is 10.1% The pensions increase for 2022 was 3.1% The pensions increase for 2021 was 0.5% The pension increase for 2020 was 1.7%. endobj The EG Interview: PfP's Catherine Webster on being 'unashamedly capitalist' | EG News Strathclyde Pension Fund Committee Agenda - 23 November 2022, 11:00 A meeting to be held at by hybrid at 11:00 on 23 November 2022. endobj Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023). Your benefits for membership after 31 March 2015 have a normal pension age of your State Pension age. Don't I need to give my P45 to my new employer? Environmental groups have been calling for years. I have other periods of membership with SPF? Strathclyde Pension Fund Voting Activity Q1 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type# Items Vote Instruction STRATHCLYDE PENSION FUND SPF VERITAS AENA SME SA ES0105046009 168761 31-Mar-2022 Ordinary General Meeting 13 F SPF LAZARD INTUIT INC. US4612021034 22097 20-Jan-2022 Annual General Meeting 1A. endobj endobj 3.1% The pension increase for 2022 will be 3.1% (based on September's inflation figure). How are my retirement benefits calculated? _76G]ue=Z-(R,@o-XM\YJ7K4Ki?_? But preliminary figures for the first 10 months of the 2021 fiscal . 2022 Inflation Increase (19th October 2022) Employee Contribution Rates for 2023/24 SPF Committee Meeting (1st March 2023) Pensions Administration Strategy (PAS) 1st March 2023 Pension Increase/CARE Revaluation (20th February 2023) Accurate Data Services Archive News 2023 2022 Committee Meeting (2nd March 2022) SPF Committee Meeting (21 June 2022) Congratulations to the others that Be;.~Wz^ S `NmNKuDbCi0N*w}*CJa^1 h=!9cuN)Dca//MZ{rCJ3Rg\$WccsDw'_/ p0Dgsi$ 9IU1)z"c"*FEXoOInJ`8 billion at 31 March 2021, an increase of 5.413 billion from the prior year. stream 9|:>UN)0y{Q:_i(pSg5ht'0AC2h0PXPr,4KAp'"shx7%sO0%W6 Ex By clicking a link you are consenting to . Reforms offering greater flexibility, 'Freedom and Choice', in the way that individuals aged 55 and over can access their defined contribution (DC) pensions became effective on 6 April 2015. di:MRMPbAQJOr9F?!wO$aH*!ZZ1I 06q?8u n"!V.DkL.E6/=';@ Q\aToprp&i\+fdx'N7RO0ih1+l Z ) "UbGq_SpV,ch _9.R%?bc| @[P.@L`D39i+zA&*OfKBC'ye7o!9A8Ti@ stream <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 31 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> T`$#12G^x9V0=sSS When will I be notified that my benefits are due for payment? LGPS pensions did not go down from April 2016 despite the fall in CPI. <> The pensions increase for 2018 was 3%. Get the full list, Youre viewing 5 of 12 board members. There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. Even deep into 2022, long past the point where she was thoroughly discredited, the usual suspects in the media continued to promote her conspiracy theory. Your April 2017 payment will only reflect about 2/3 of the increase, as it takes effect from Monday 10 April 2017, not from 1 April 2017. Watch a short video on pension tax, and find further links to what options might be available to help you manage. The pension increase for 2019 was 2.4%. We have been working with our advisers to try to make an early assessment of the likely impacts on the Fund. {|bihbFX|8*Y/ .=w')0GBo{ |7%=R:spBi?aWu'3.[!*t88 'ZPaFj, T_&SoX4Wd0+kdssV21J"9vmw?+Hfehs=E'! Can I transfer my deferred benefits to another pension scheme? MARSHALL, JR., District Judge. <> Prepared for the Strathclyde Pension Fund Committee and the Controller of Audit 24 November 2021 Strathclyde Pension Fund . The overall return on investments for the year was +25.1% which was ahead The estimated market value of pension fund assets also dropped significantly last year, again because of the sell-off. Strathclyde Pension Fund has invested a further 20m (22.7m) into an affordable housing investment fund set up by the Scottish government and PfP Capital. Public Agenda (1.5MB) Public Minutes (0.05MB) Agenda. Xbj: National Equity Fund (NEF) Announces $2.1 Billion in Affordable Housing Investments for 2022, nearly matching record performance in 2021 NEF provided near-record levels of financing to support. If you meet the Rule of 85 and are over 60 when you retire, reductions will not apply to benefits that have Rule of 85 protection. The increase to your pension will be 10.1%, which will be applied to your pension from 10 April 2023 Read More Our 2023 Charity Partner 17/01/23 We are proud that our colleagues have chosen to support Children's Hospices Across Scotland (CHAS) as our charity partner for 2023. 'X=/~5t~8?S:j,_kKZ)k|- ?&S` xKk09zZ6B>B &u~IyY6FQ2q64Q/fT(P"C"I9T81^B&Th U||{i6&NGr ^MfEffe6]3&f@"vyq-(F$&`a_'$BC5q&.+ |7b\ Q5oF;$1pNbnu!RDlp^m:E)p0 BjN(N%3I3M cUVN)t\2p. I am over age 55 and want to retire. He joined Gartmore Investment Limited in 1991, during this time, he 5 0 obj The University and College Union (UCU), a trade union representing 110,000 staff at UK universities, ran a major series of connected strikes in 2018-23. I note in the recent filings the discussion of . How do I inform Strathclyde Pension Fund Office? 23831 0 obj <>/Filter/FlateDecode/ID[<675D37243EFFEF448DEF35F8EB383C10>]/Index[23808 36]/Info 23807 0 R/Length 112/Prev 809019/Root 23809 0 R/Size 23844/Type/XRef/W[1 3 1]>>stream . endstream endobj startxref How does this affect my deferred pension? This needs to be confirmed in the Pensions Increase (Review) Order and Public Service Pensions Revaluation Order which will be made in parliament early in 2023. What is the increase for Strathclyde pension for 2022? Pensioners will see the full state pension rise by 5.55 a week from next April, but they will lose out on nearly 500 a year after the triple lock promise was broken. xKO0 3v$HHeiCMK%H (iW-V`5$xfe As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members. Highlights upon the report include: +7.7%investment return for the year +2.0 billion investment gain for the year; 28.4 millionverschluss value for at 31 clandestinity March 2022 +9.8% p.a. <> Can I receive my benefits? Over the past half of the 2020 fiscal year alone, the pension fund's value dropped from nearly $80 billion to $76.7 billion, according to Treasury records. - 03 March 2022. Are Pension debits deducted on my statement? Can I release part of my pension pot to receive a cash lump sum? The Strathclyde Pension Fund's (SPF) 2021 asset list, published at the end of September, showed that it had holdings worth 16.4 million with Sberbank. ;PfkjDhky+2cO3R.U XQ8w%zJfk!}WVnfp@/wE= 7 The pension increase for 2018 was 3.0%. 3 0 obj It pointed out that Scottish LGPS funds were all "close to or above" full funding, which it said . The pension increase for 2017 was 1%. The in-service revaluation for the 2018 Local Government Pension Scheme in respect of 2021/22 will be 3.1%. Stirling Providing independent advice and support to pension funds and charities. The Local Government Pension Scheme (LGPS) is administered by Strathclyde Pension Fund and is one of the largest local authority pension funds in the UK. Any questions? Lockdownists wanted an elaborate conspiracy theory to try to excuse blue states being outperformed by Florida, and Rebekah Jones was happy to sell them it. MARSHALL, JR., District Judge. We will be applying this to all SPF pension accounts from April. endstream endobj 23809 0 obj <. Will the retirement process be affected? Can I have my pension paid into my overseas bank account? at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. UK CPI for the year to 30th September 2022 was today confirmed as +10.1%. % Strathclyde Pension Fund Voting Activity Q3 2022 Strathclyde Pension Fund Voting Activity Q3 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 Annual General Meeting 1 F SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 endobj This increase is in line with the rise in the Consumer Price Index (CPI) for the period between September 2020 and September 2021. It will also have widespread economic consequences. %%EOF ;nL=go}rJJHT ORDER D.P. Strathclyde Pension Fund Voting Activity Q2 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction STRATHCLYDE PENSION FUND SPF OLDFIELD SS&C TECHNOLOGIES HOLDINGS, INC.US78467J1007 472200 11-May-2022 Annual General Meeting 1. The action has been characterised as "something of a milestone" for "impending service sector strikes of the 21st century." In the academic year 2017-18, the dispute concerned proposed changes to the Universities Superannuation Scheme (USS . This was from a total value of 27.907bn. Will I still get my pension paid on time? Active pension accounts, deferred pensions and pensions in payment are adjusted each April in line with the cost of living. <> Pensions Increase: The application of increases to LGPS pensions in payment: Pension Funds: Current: Version 1.0 [PDF] Appendix A [PDF] Appendix B and C [PDF] Revision. Strathclyde Pension Fund Committee Agenda - 02 March 2022, 11:00 A meeting to be held at by video conference at 11:00 on 02 March 2022. Where can I find my Active 2022 Pension Update?

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