We’ll be sending you a letter in early July with instructions on how to view your 2025 Deferred Annual Benefit Statement (ABS). 

This year, your ABS will be available exclusively through the Member Portal as part of our move towards a more digital experience. It will also feature a new video guide to help you understand each section of your statement. 

Our 2025 Deferred Newsletter is now available on our website.

If you don’t receive your letter by post, we may not have your current address. You can easily update your details by logging onto the Member Portal. 

If you need help accessing the portal, please refer to the Member Portal Guide to help you navigate and overcome any login issues.

We’re thrilled to introduce Video Annual Benefit Statement (ABS). An exciting new way to view your pension information. 

This personalised video provides a clear, engaging summary of your current and past Annual Benefit Statements, making it easier than ever to understand your benefits. It’s interactive, informative, and designed to give you a clearer picture of your pension.

We sincerely apologise to our members receiving pensions from the Worcestershire Pension Fund. Due to testing for this year's P60 mailing, members may have received an incorrect P60 sent out from the Fund in error.

The error is that the information is displayed on the previous 2023/2024 template and not the 2024/2025 template. Please disregard this version and await the finalised version which will be delivered by 30 April 2025.

Consultation Period 17 January 2025 to 16 February 2025

We would like to inform you of updates to our Pensions Administration Strategy and Communication Strategy.

The LGPS Regulations 2013 states that an administering authority must keep its pension administration authority under review and ‘an administering authority must consult its scheme employers and such other person it considers appropriate’.

The consultation period will run from 17 January 2025 – 16 February 2025.

We have created an Executive Summary that outlines the key updates to both documents: Executive Summary (PDF)

The existing documents are available on our website via the following links: 

• Pensions Administration Strategy (PDF)
• Policy Statement on Communications (PDF)

The links to the draft versions of the documents, which we encourage you to review, along with the current versions in order to understand the scope of the proposed changes can be found here:

• Pension Administration Strategy draft (PDF)
• Communications Strategy draft (PDF)

Your feedback is crucial to ensure the updates effectively serve the needs of all stakeholders, any recommendations please direct them to:

• for the Pensions Administration Strategy, email: pensions@worcestershire.gov.uk
• for the Communications Strategy, email: wpfengagement@worcestershire.gov.uk

The Ministry of Housing, Communities and Local Government (MHCLG) opened a consultation from 14 November 2024 to 16 January 2025 on proposals for new requirements on LGPS administering authorities.

The consultation seeks views on:

• LGPS Pooling
• Local Investment
• Governance of Funds and Pools

The full consultation text can be found here: Local Government Pension Scheme (GOV.UK) and the Fund’s response can be found below.

Download: WPF response to LGPS (England and Wales): Fit for the future consultation (PDF)

We have now issued our 2024 Pensioner Newsletter.

As part of this year's mailing, you will receive instructions on how to sign up/ log in to your member portal account. Logging in to the member portal is the easiest way to ensure all your details are kept up to date. 

Our Member Portal Guide has hints and tips you may find useful when navigating the portal. 

We expect our 2024 Pensioner Newsletter to be on doormats by early December.

From April 2024 the government abolished the lifetime allowance. We have attached guidance to help understand the new limits and when a transitional tax-free certificate may need to be considered.

Tax Limit Guidance October 2024 (PDF)