News

2022

Tax seminars and member surgeries for active members - Every year the PCPF offer tax seminars and member surgeries for active members (those still serving as MPs or Ministers). Tax Seminars The next tax seminar will be held virtually on 4th May 2022, with a second tax seminar currently planned for 2nd November 2022 and will be held in person. Member Surgeries The next […]

2021

Pension Scams - The Trustees are committed to remaining vigilant against pension scams, and ensuring Members are aware of the risks these pose to the safety of their pensions. Please click here for more information about how the Trustees and the Scheme’s administrators are working to remain scam aware.
UK Stewardship Code - The Trustees are proud that one of the biggest successes for the Fund in the Responsible Investment area, was to be accepted as a signatory to the new UK Stewardship Code. The new Code came into effect from 1 January 2020, setting high stewardship standards for asset owners and managers. The PCPF received excellent feedback […]

2020

Tax allowance changes - Changes to both the Annual Allowance and Lifetime Allowance came into effect in April 2020. Annual Allowance The Annual Allowance is the amount you can save each tax year, across all of your pension arrangements, before tax is charged. For most savers this is £40,000 but from April 2016 the Government introduced the ‘Tapered Annual […]

2019

New name unveiled for Single Financial Guidance Body - The SFGB was introduced at the start of 2019 as the new organisation replacing The Pensions Advisory Service, the Money Advice Service and Pension Wise. From April, the SFGB will be known as the Money and Pensions Service.  The aim of the Money and Pensions Service is to provide free and impartial guidance around pensions […]
Deadlines for CARE members - If you are a member of the PCPF CARE Section, you can purchase Added Pension to increase your overall future benefits, or pay additional contributions to the Scheme to reduce your Normal Pension Age to an earlier Effective Pension Age. You can only apply to do this in April (or within one month of joining […]
Keep your pension safe! - Pension cold-calling is now illegal. A ban came into force on 9 January 2019, and means unsolicited phone calls, texts and emails are against the law. Fraudsters use cold calling to try and steal your life savings or tempt you to invest in a high-risk scheme which is totally unsuitable for your pension. A scam usually starts […]

2018

Changes to data protection laws - As a result of changes to Data Protection regulation, the Trustees have carried out a review of the Fund’s information storage processes and policies. All members have been sent a General Data Protection Notice. Further information is available in the Data Protection Privacy Notice and Trustee Policy, which can be accessed below. Privacy Notice Trustee Policy
Tax treatment of pension benefits - The next in a series of Pension Taxation seminars will be held on 16 May 2018.  The dates for the remaining 2018 seminars are:  16 May               4 July 21 November  If you wish to attend, or for more information, please contact PensionsMP@parliament.uk Your updated ‘Members’ Tax Allowances’ guide is accessible below.  Pension tax allowances
Actuarial valuation - The Government Actuary’s report on the actuarial valuation as at 1 April 2017 has now been finalised and can be reviewed online.  View valuation report »