Latest News

The latest news and views covering the Teachers Pensions, the Teachers AVC and general Financial Planning news.

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Changes To Benefit Statements

14/12/2014 Ged O'Neil Bell

After 2015, Teachers’ Pensions will no longer be sending paper Annual Benefit Statements (ABS). However, members will still be able to access their statement online using the My Pension Online (MPO)[...]

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Teachers Pension Scheme Board

05/12/2014 Ged O'Neil Bell

The Department of Education has formally announced the approval of the Teachers’ Pensions Scheme Pension Board (TPSPB). The Department of Education is grateful to employer and member organisation[...]

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Cheque Fraud

10/09/2014 Ged O'Neil Bell

There are an increased number of counterfeit cheques being produced, say Teachers’ Pensions. These fraudulent cheques are manufactured or printed on non-bank paper but look almost identical to genui[...]

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My Pension Online

30/08/2014 Ged O'Neil Bell

Teachers’ Pensions have made changes to their My Pension Online (MPO service). The log in process has been improved to reduce loading times, as a result of feedback received from members. They say d[...]

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Fraud Alert – FCA Warning

30/07/2014 Ged O'Neil Bell

Certain companies and financial advisors have been cold calling individuals. These companies advise that they have been elected to act on the behalf of the Government to investigate pensions and their[...]

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Tiered Pension Contributions Changing 2014-5

16/06/2014 Ged O'Neil Bell

The Department of Education has announced changes to tiered contributions. Contributions increases will apply to members of the Teachers’ Pension Scheme (TPS) in the financial years 2014/15. The Dep[...]

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Death Registration Information

01/06/2014 Ged O'Neil Bell

Teachers’ Pensions will be conducting a monthly mortality screening exercise in order to ensure that, should anything happen to any of its members, they can reduce the impact of bereavement. They ai[...]

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Annual Allowance Reminder

01/04/2014 Ged O'Neil Bell

Teachers’ Pensions receive data every year from employers, which they use to calculate whether members face a tax charge under Annual Allowance (AA). Members who have exceeded the AA can elect for t[...]

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Retired Members P60

12/03/2014 Ged O'Neil Bell

P60 statements are sent every year and confirm the pension you have received and the tax you have paid in the tax year. Retired members of the Teachers’ Pensions Scheme (TPS) will receive their P[...]

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Annual Benefits Statements

11/03/2014 Ged O'Neil Bell

Annual Benefit Statements (ABS) have begun to be distributed to employers. As Teachers’ Pensions are required to send ABS by the 31st of March, members who have not received theirs by mid-April shou[...]

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New Fair Deal and Tiered Contributions Consultation

07/03/2014 Ged O'Neil Bell

The Department for Education has published its response to the public consultation on New Fair Deal and Tiered Contributions on its website. Please click here for further information. The conten[...]

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Re-marriage Changes

15/02/2014 Ged O'Neil Bell

Individuals currently receiving a spouse beneficiary’s pension may receive a re-marriage declaration from Teachers’ Pensions around the time of their next birthday. This is because Teachers’ Pen[...]

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Same Sex Marriage Changes

14/02/2014 Ged O'Neil Bell

Same sex marriages will become legal in the UK from the 29th of March 2014. Where an adult beneficiary’s pension becomes payable after such a marriage, it will be based on pensionable service accrue[...]

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Tiered Contributions

14/02/2014 Ged O'Neil Bell

A tiered contribution structure has been proposed for the Teachers’ Pension Scheme, to apply from April 2014. The consultation on this, and the proposal to implement the New Fair Deal policy consult[...]

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Reduction To Annual Allowance

14/02/2014 Ged O'Neil Bell

A reduction has been announced to Annual Allowance (AA), which is the amount of growth in pensions savings permitted in a given tax year. The AA was originally reduced to £50,000 in the 2011/12 tax y[...]

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Consultation Process Update

14/09/2013 Ged O'Neil Bell

The Government is committed to reviewing the long-term affordability and sustainability of public service pension schemes, which includes the Teachers’ Pension Scheme (TPS). It aims to conduct refor[...]

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