Changes to factors used in pension calculations
Following the October 2018 Budget some changes need to be made to the factors we use in pension calculations. These include transfers in and out of the fund, divorce quotes and early retirement calculations. Therefore, some transfers requests and pension quotes for divorce purposes cannot be provided until we have the new factors which we expect to be issued in December 2018. The factors used to work out early retirements will also be changed, but we don’t expect these to be issued until February 2019.
We apologise for this delay and any inconvenience it may cause you. Please contact us if you are worried this delay could affect the calculation you need.