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
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