Tuesday, 27 January 2015 12:02
Thinking about transferring your benefits out of the NHS, Teachers, Fire or Police schemes? Changes are being introduced to transfers out which take effect on 6 April 2015. If you require further information, please click on the relevant NHS, Teachers STSS, Fire or Police tab below.
The pension schemes administered by SPPA have a statutory obligation to provide a statement of the transfer value within three months of a request being made. If this cannot be provided within three months and the reasons are out-with the scheme's control, this three month period can be extended to six months.
We will continue to process requests for statements of transfer amounts as quickly as possible. However, we may not be able to process them more quickly than the legislation requires.
You may also find the recent article published by the Pensions Ombudsman of interest.
Follow the links below for each scheme to obtain relevant information