NEWS ARCHIVE 2012
| DECEMBER |
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Merseyside Pension Fund picked up the prize for Fund of the Year (Above £2 billion) at the LGC Investment Awards, held at The Royal Garden Hotel in London.
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 The Honeypot 10 - December 2012
The latest issue of our newsletter for Pensioners of the Fund, 'The Honey Pot' has been published. This issue includes a leading article explaining
why no December payslip will be posted to pensioners from now on.
If you are a Merseyside Pension Fund pensioner, why not enter our competition, where a £25 high street voucher of your choice can be won.
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| OCTOBER |
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 Report & Accounts 2011/12
The Fund has published its Report & Accounts for 2011/12. It details the Fund's investment and administrative performance for the year ending 31 March 2012.
To view a version which contains the Fund's current Statement of Investment Principles, Funding Strategy Statement, Governance and Communications Policies please click here.
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 Fund wins national award for communications Merseyside Pension Fund is delighted to announce its success at the 'Professional Pensions' Scheme of the Year Awards', in which it was named 'Winner' for its work in communications within public sector pension schemes.
Its success, at what are considered the premier industry awards, comes in recognition of the work that has taken place in developing our dedicated website and communications for the forthcoming changes to the LGPS.
We have plenty of more ideas and announcements to make soon, so please keep checking back... perhaps even join us on Facebook and Twitter.
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| AUGUST |
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 Consultations overwhelmingly endorse LGPS 2014 reform proposals
Consultations undertaken by the Local Government Association (LGA), UNISON, GMB and Unite have overwhelmingly approved the proposals for a reformed LGPS published at the end of May.
The consultations took place between the beginning of June and the end of August and included individual ballots for union members and a process enabling scheme employers to both express support (or not) and make comments on the proposals.
You can read full details at our dedicated LGPS 2014 website lgps2014.org
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 The Fund is preparing to replace the ‘My Pension Online’ service this autumn.
'My Pension' will allow registered users to view details of all relevant membership(s) of the Local Government Pension Scheme (LGPS) administered by Merseyside Pension Fund, in a more user-friendly way than ever before.
Unfortunately, our preparations require us to end access to the existing 'My Pension Online' service to help ensure a trouble-free transition to the new service from its launch on
Friday 5 October 2012.
Existing Registered users of ‘My Pension Online’ should read full details about the upcoming service disruption and when they will be able to re-register to use the new service.
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| JUNE |
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| New LGPS 2014 proposals unveiled
The Local Government Association (LGA) and trade unions have announced the outcome of their negotiations on new LGPS proposals for England and Wales to take effect from 1 April 2014.
These proposals will now be communicated to scheme members, employers, funds and other scheme interests. Unions will consult their members over these proposals and the LGA will consult employers.
The government has confirmed that a favourable outcome of these consultations will enable them to move directly to a statutory consultation later in the Autumn to implement the proposals.
You can read about the proposals in detail at the Fund's dedicated website lgps2014.org.
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 My Pension Online - Essential MaintenanceRegistered Users of the Fund’s ‘My Pension Online’ may suffer some disruption when using the service over the upcoming Jubilee Bank Holiday Weekend due to essential maintenance work being carried out. All maintenance should be completed by Wednesday 6 June 2012.
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| APRIL |
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 Honey Pot 9 - Spring 2012
The latest issue of our newsletter for Pensioners of the Fund, 'The Honey Pot' has been published. This issue includes full details of this year's Pension Increase payable from April 9th. If you are a pensioner, why not enter our competition, where a £25 high street voucher of your choice can be won.
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 NEW Brief Guide to the LGPS
The Fund has published a new version of it's Brief Guide. This guide is for employees who are contributing members of the LGPS. It explains the benefits available to you when you retire from the Scheme, together with how the Scheme works, what it costs to join and the financial protection that it offers to you and your family.
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| MARCH |
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The Government has confirmed that local government pensions will rise by 5.2% from April. This increase is in line with last September’s inflation figure, as measured by the Consumer Prices Index (CPI). 5.2% marked the highest measure of CPI inflation since 2008.
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| FEBRUARY |
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The Fund has published a fact sheet exploring the tax implications from 6 April 2012 for members whose pension benefits are valued at £1.5m, by the reduction in the Lifetime Allowance.
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 Contribution Bands 2012/2013From 1 April 2012, the contribution earnings bands on which members’ contributions are based will change. The Fund has published a revised version of Fact Sheet 3 detailing what contribution rates members will pay from April, together with what rates will be paid if members’ pay changes during 2012/2013.
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| JANUARY |
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The Fund has updated its Communications Policy. We are committed to providing comprehensive information to all members through the most appropriate communication medium. The 2012 policy document outlines the methods that we use to meet this objective.
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The address of our website dedicated to the reform of the LGPS has changed from lgps2015.org to lgps2014.org.
This reflects the agreement reached in late December between local government employers, trade unions and the government, to work towards implementation of a new Scheme from April 2014, rather than April 2015.
You can keep up to date with all the latest developments in the upcoming reform of the Scheme and sign up for news alerts to be sent straight to your Inbox at http://lgps2014.org
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 Negotiations to agree a new LGPS from 2014Government and Unions will shortly begin a series of negotiations to determine the shape of a new Local Government Pension Scheme from 2014. To read full details, please go to our dedicated LGPS reform website at http://lgps2014.org
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