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This depends on the member‘s individual circumstances when they die. For more information, see the guide or what happens when you die.

This privacy notice explains how the scheme may use your personal data in its operations (whether you are a member of the scheme, a spouse or other beneficiary of a member of the scheme or otherwise engage with the scheme) and the rights you have in relation to your personal data.

This privacy notice explains how the scheme may use your personal data in its operations (whether you are a member of the scheme, a spouse or other beneficiary of a member of the scheme or otherwise engage with the scheme) and the rights you have in relation to your personal data.

Here's a rough guide to how long the transfer in process takes. The transfer in process could be quicker or can take longer, depending on a variety of factors like how responsive the scheme you’re transferring from is.

Financial markets have been analogous to Spain’s world famous Pamplona bull run over most of the past decade, with equities leading the charge. Born out of the financial crisis, quantitative easing and the search for real returns have engendered an asset price boom

We are currently holding a full valuation to establish how we plan to pay the benefits promised to our members over the coming decades. To the extent we plan to rely on uncertain investment returns, the process involves trying to predict how financial markets might perform over time.

This collaboration has been seeded with a USD3.1 billion portfolio of outstanding loans to a diversified portfolio of specialist direct lending funds originated by Credit Suisse over the course of H2 2014 and FY 2015, each of which is secured by an underlying portfolio of loans to medium-sized European companies.

A valuation is an assessment of the scheme’s assets (the investments we hold, and the returns we expect to make on those investments) and the liabilities (the amount we need to pay the pensions already earned).

With the 2020 valuation providing a snapshot of our financial position as at 31 March 2020, market conditions are likely to paint a more negative picture than was anticipated before the COVID-19 pandemic. Mel Duffield, Pensions Strategy Executive, explains why it’s important for us to complete the 2020 valuation.