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General pension news

Pension increase 2024

2024's headline increase is 6.7%and is based on the Consumer Price Index (CPI) on 30 September last year.

The government’s Pensions Increase (Review) order tells public-sector pension schemes like ours how much we should increase pensions by.

The increase is due from 8 April 2024. You can read more about the increase and how it affects your pension below:

Pension tax limits

From the 2023/24 tax year the standard annual allowance amount for most members is £60,000.

Also in 2023 the lifetime allowance was abolished and has now been replaced by the lump sum allowance from April 2024.

You can read more about these rules below:

Protect yourself from scams

Pension scams can be hard to spot. Scammers can be articulate and financially knowledgeable, with credible websites, testimonials and materials that are hard to distinguish from the real thing.

Scammers design attractive offers to persuade you to transfer your pension pot to them (or to release funds from it). It is often then invested in unusual and high-risk investments like overseas property, renewable energy bonds, forestry, storage units, or simply stolen outright.

You can read more about how to protect yourself from scams, and where you can report them if you spot one below:

FPS news

Sargeant remedy

For the latest news and information about Remedy visit https://fpsmember.org/remedy 

Corporate news

2024 Global Investor Statement

17 September 2024

We've signed the 2024 Global Investor Statement to Governments on the Climate Crisis. 

You can read the full statement here.

Investing for a sustainable future

11 June 2024

Robert Hulme, our Responsible Investment Engagement Manager, joined Asset TV this week to talk about investing for a sustainable future. You can watch it here. 

Investment into the inter-authority lending market

31 January 2024

WYPF has agreed to commit £100m towards the inter-authority lending market to help overcome the “credit crisis” facing councils. Read more and see Room 151's interview with Mark Russell, Investment and Treasury Manager at here at WYPF.

Introducing our new Managing Director and Chief Investment Officer

9 March 2023

Euan and Leandros both joined the fund recently and sat down for a chat with Portfolio Institutional's Andrew Holt. You can read the full interview here