7 Feb 2022
Overseas pensioner address verification exercise
It is important that the Trustee(s) of the BAE Systems pension schemes hold up to date address details for all their members. The Trustee(s) have appointed the services of the XPS Pensions Group to carry out an address verification exercise for all overseas pensioner members who are in receipt of a pension.
7 Feb 2022
31 Jan 2022
2022 re-enrolment exercise
The Government introduced Automatic Enrolment in 2012, which is designed to help people save more for their retirement.
31 Jan 2022
20 Jan 2022
Lump sum AVC for 2021/22 tax year
Do you want to boost your pension savings before the end of the tax year?
20 Jan 2022
20 Jan 2022
Changing your pension level – For members of the BAE Systems Pension Scheme - Level 125, 167, 187 or 200 Benefits, Alvis Benefits and SIPS Benefits (VSEL and Portsmouth)
The Scheme is flexible and allows you to change the basis upon which your pension builds up each year.
20 Jan 2022
4 Jan 2022
Pension Essentials
A video designed to give you an overview of the benefits you enjoy as a member of one of BAE Systems’ pension schemes.
4 Jan 2022
28 Oct 2021
BAE Systems Pension Scheme Net Zero Statement
Our investment strategy is set in the best financial interest of our members.
28 Oct 2021
27 Oct 2021
National Pension Tracing Day
31 October 2021 sees the launch of National Pension Tracing Day. The clocks go back, so you have an extra hour to start tracing any lost pensions.
27 Oct 2021
6 Oct 2021
FCA releases updated consumer transfer videos
Defined Benefit (DB) members who have left pensionable service and have deferred benefits in a DB scheme may, subject to certain legislative requirements, transfer the value of their DB benefits to a Defined Contribution (DC) pension arrangement.
6 Oct 2021
17 Aug 2021
Keeping your Expression of Wish form up to date
What is it, do I need one, how do I make an Expression of Wish and can I change it?
17 Aug 2021
12 Aug 2021
Deferred member address verification exercise
It is important that the Trustee(s) of the BAE Systems pension schemes hold up to date address details for all their members. The Trustee(s) have appointed the services of the XPS Pensions Group to carry out an address verification exercise for all deferred members.
12 Aug 2021
12 Aug 2021
Tax relief on Additional Voluntary Contribution lump sum payments
You are able to pay a lump sum Additional Voluntary Contribution (AVC) via payroll where tax relief is automatically applied, or you can pay a lump sum AVC by direct bank transfer but it will then be your responsibility to reclaim the tax relief via a Self-Assessment tax return or by contacting HM Revenue & Customs (HMRC).
12 Aug 2021
21 Jun 2021
Pension scams
A new Pension Guide has been added to help you spot a scam and give you advice on what to do if you are contacted.
21 Jun 2021
26 Apr 2021
2021/22 budget changes affecting pensions
In the budget given on 3 March 2021, two announcements affected pensions, namely the Lifetime Allowance and the State Pension.
26 Apr 2021
6 Jan 2021
Changing your pension level – For members of the BAE Systems Pension Scheme - Level 125, 167, 187 or 200 Benefits, Alvis Benefits and SIPS Benefits
The Scheme is flexible and allows you to change the basis upon which your pension builds up each year.
6 Jan 2021