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
6 Jan 2021
Lump sum AVC for 2020/21 tax year
Do you want to boost your pension savings before the end of the tax year?
6 Jan 2021
18 Dec 2020
Standard Life Property Fund (CR)
Important information for BAE Systems Pension Scheme Defined Contribution (DC) and Additional Voluntary Contribution (AVC) members investing in the Standard Life Property Fund
18 Dec 2020
16 Dec 2020
Brexit trade deal and market volatility
Are you a member who is considering retiring with Defined Contribution (DC) or Additional Voluntary Contribution (AVC) benefits?
16 Dec 2020
4 Dec 2020
Capita announcement
BAE Systems Pension Scheme members with SIPS Benefits may have seen in the press the announcement that Capita has sold its Employee Benefits business to a company called Benefex.
4 Dec 2020
26 Nov 2020
Overseas pensioners with a UK bank account
This is an important announcement for pensioners residing overseas with a UK bank account.
26 Nov 2020
18 Nov 2020
Overseas Pensioner Address Verification Exercise: XPS Pensions Group
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.
18 Nov 2020
30 Jul 2020
Annual Benefit Statements for active members
You will shortly be receiving your Annual Benefit Statement from your Scheme Administrator.
30 Jul 2020
1 Jul 2020
Coronavirus (COVID-19) updates
Any updates will be posted here so please do check back regularly
1 Jul 2020
23 Jun 2020
Dedicated Standard Life website for DC members
If you are a member of the BAE Systems Pension Scheme (Defined Contribution (DC) Retirement Plan or Level 100+), the BAE Systems Executive Pension Scheme (2012 Retirement Plan or 2006 Section) or you are a member of any BAE Systems pension scheme and pay Additional Voluntary Contributions (AVCs) to Standard Life then please read on.
23 Jun 2020
4 Jun 2020
Market Volatility - Impact for DC members
It is important that members of our pension schemes who have Defined Contribution (DC) benefits know and are comfortable with the funds that they are invested in. If you are nearing retirement, given the recent stock market volatility and economic uncertainty this inevitably leads to the question – how will this affect my pension and retirement plans?
4 Jun 2020
22 May 2020
BAE Systems Pension Scheme – Funding Update
On 20 February 2020 the Trustee of the BAE Systems Pension Scheme (‘the Scheme’) announced that agreement had been reached with BAE Systems plc (‘the Company’) on the detail of an actuarial valuation for the BAE Systems Section (‘the Section’) as at 31 October 2019. This earlier than scheduled actuarial valuation was undertaken following a proposal from the Company to accelerate deficit recovery contributions by making a £1bn payment into the Section in the coming months.
22 May 2020