<> Be;.~Wz^ S `NmNKuDbCi0N*w}*CJa^1 h=!9cuN)Dca//MZ{rCJ3Rg\$WccsDw'_/ p0Dgsi$ 9IU1)z"c"*FEXoOInJ`8 x002?X-}*:p@l @ a31>b0 HS Strathclyde Pension Fund [SPF] (restricted to staff who were members before the merge with Northern College) Medical Research Council [MRC] Tax Implications and the Lifetime Allowance. 05 Apr 2022. The amount by which LGPS benefits are increased annually each April is based on inflation during the 12 months to September. This tracks your activity using third party cookies. stream <>/Metadata 728 0 R/ViewerPreferences 729 0 R>> By clicking a link you are consenting to . If you are interested in flexibleretirement, you will need to obtain your employer's permission. As well as having almost half of the total net assets, Strathclyde Pension Fund also has the largest number of members; accounting for 42% of members across all Scottish Local Government Pension Funds (258,378 from a total of 613,195). The University and College Union (UCU), a trade union representing 110,000 staff at UK universities, ran a major series of connected strikes in 2018-23. I am medically unfit to work. What is the increase for Strathclyde pension for 2022? Over the past half of the 2020 fiscal year alone, the pension fund's value dropped from nearly $80 billion to $76.7 billion, according to Treasury records. % ;?x'/=}ueQ%] i4K; >^?' $BKJ{~xbH1CYwcJv1=:_^+yV x[*RMIQ9z}O;pLy80df]0\b(=K"h6,|RO~_~RyBfiI&kW=, \Bk.{ swA The Court certified the following class under Federal Rule of Civil Procedure 23 (b) (3): endobj / H:lk`$W,+a$UuxCQ'1#;0_]#g3 +HVLY>W:.A 2AXB3h2ua,F2Y3@!t!sP>qfd;ZM%* O6U9_"'E2`oUX1&aNyRsU.~ <> As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it. endobj <> It works with a wide range of clients, including corporate and state pension funds, sovereign wealth funds, global . stream Your benefits for membership after 31 March 2015 have a normal pension age of your State Pension age. Revision. ORDER. There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. I have other periods of membership with SPF? Pensions Increase: The application of increases to LGPS pensions in payment: Pension Funds: Current: Version 1.0 [PDF] Appendix A [PDF] Appendix B and C [PDF] The value of your benefits Contacting us Getting further help and advice Reduced pay or unpaid leave Furlough and how it affects your pension The University also participates in the Scottish Teachers Superannuation Scheme (STSS). 1 0 obj Strathclyde Pension Fund Voting Activity Q3 2022 Strathclyde Pension Fund Voting Activity Q3 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 Annual General Meeting 1 F SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 Its investment objective is to increase net asset value per share . United States District Court, E.D. I have moved overseas. F LGPS pensions did not go down from April 2016 despite the UK being in deflation. Pension Fund Office, email 1.4 Funding mechanism There are three principal income. 4 0 obj Wa[ f.ZU2*4z^9[@FO,2/bZV=RJ ^ 3Rzhj+v3P/d)eshCV=tnHrBzS{*,+>,F'/} #3U\a-/J(_'RVJ;UpH Don't I need to give my P45 to my new employer? <>>> February 14, 2022. Will I still get my pension paid on time? <> Any questions? February 14, 2022. Your April 2017 payment will only reflect about 2/3 of the increase, as it takes effect from Monday 10 April 2017, not from 1 April 2017. 4 0 obj This means active pension accounts, deferred . Initial conclusions are: ;PfkjDhky+2cO3R.U XQ8w%zJfk!}WVnfp@/wE= 7 Institution: Strathclyde Pension Fund Headquarters: Glasgow, United Kingdom AUM: 23.08bn Bitesize: 10-50m Strathclyde Pension Fund has awarded private corporate debt mandates to three fund managers following an RFP issued in late 2019.. Alcentra, Barings and Partners Group have proved successful following a final tender, with the managers being awarded a 1.25, 1.25 percent and 1.0 percent . What if I should die while still in employment? endobj <> Active pension accounts, deferred pensions and pensions in payment are adjusted each April in line with the cost of living. <> Strathclyde Pension Fund has invested a further 20m (22.7m) into an affordable housing investment fund set up by the Scottish government and PfP Capital. Public Sector pensions are set to increase by 3.1% from 11 April 2022. - 03 March 2022. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023), SPF Committee Meeting (7th September 2022), SPF Committee Meeting (23rd November 2022). Can I receive my benefits? <> National Equity Fund (NEF) Announces $2.1 Billion in Affordable Housing Investments for 2022, nearly matching record performance in 2021 NEF provided near-record levels of financing to support. We have been working with our advisers to try to make an early assessment of the likely impacts on the Fund. Am I able to transfer in service from a previous employer? 1 0 obj How does this affect my deferred pension? x]]]Wu6}A**OU%xkZ/4rv L$3#d&%T*QhUH"JPZ&$g[[ku=3? We're so pleased to announce that we have made the shortlist in the Pensions for Purpose Place Based Impact Investing Award. What if I should die before receiving my deferred benefits? stream Youwill get an increase in pension every April if prices have increased. The estimated market value of pension fund assets also dropped significantly last year, again because of the sell-off. Environmental groups have been calling for years. Congratulations to the others that We will be applying this to all SPF pension accounts from April. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW. endstream If you meet the Rule of 85 and are over 60 when you retire, reductions will not apply to benefits that have Rule of 85 protection. When will the Deferred 2022 newsletter be available? Established in 1975, SPFO is a pool into which employees' and employers' contributions and investment income are paid and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. As of 31 March 2021, the fund had 26.176 billion in assets under management, an increase of 716 million since December 2020. hbbd```b``> "7HY ,gZ&MA$H=LZIVx \"J"`3kI ~YH}L&a7 -_ Your May payment will reflect the increase in full. LGPS pensions did not go down from April 2016 despite the fall in CPI. When will I be notified that my benefits are due for payment? 2023 PitchBook. How does Freedom and Choice in pensions affect LGPS members? . Xbj: endstream endobj startxref <> How do annual allowance (AA) and lifetime allowance (LTA) work? STRATHCLYDE PENSION FUND, Lead Plaintiff, Plaintiff, v. BANK OZK and GEORGE GLEASON Defendants. He joined Gartmore Investment Limited in 1991, during this time, he Only those who took their Local Government pension or became a deferred pensioner on or before 26 April 2021 will receive the . This increase is in line with the rise in the Consumer Price Index (CPI) for the period between September 2020 and September 2021. billion at 31 March 2021, an increase of 5.413 billion from the prior year. UbX5dUEQ( OCUEu1;Rgr jf5!xa g JO}P# 0p~ gRY&j7`Q"/5ACDIzC( 6N ! <> 3.1% The pension increase for 2022 will be 3.1% (based on September's inflation figure). %PDF-1.7 As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members. endobj 11 March 2022. q02b0ya "S}(rvJY$Cw)XD8f Zux=Mb>I_Ct{@TI]=_USzUPW f$>2Dee=E\Wjbw\)GH5=!C0? How are my retirement benefits calculated? T`$#12G^x9V0=sSS 3 0 obj Click on a year at the top of the list to view all of the meetings for that year. The assets are managed by the Strathclyde Pension Fund Committee. Contact Email spfo@glasgow.gov.uk. 7 0 obj Is a lump sum paid on death of a pensioner? There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months toSeptember 2015fell by 0.1%. endobj The increase to your pension will be 10.1%, which will be applied to your pension from 10 April 2023 Read More Our 2023 Charity Partner 17/01/23 We are proud that our colleagues have chosen to support Children's Hospices Across Scotland (CHAS) as our charity partner for 2023. The Strathclyde Pension Fund Committee met right to consider an Fund's 2022 Annual Report and Financial Statements.. As illustrated below, Strathclyde Pension Fund has made five commitments to private equity funds with a 2019 or 2020 vintage year, which combined constitute 125 million. Scotland's largest council pension fund is to end investments in fossil fuel companies that are not strongly committed to reducing emissions. %PDF-1.7 2 0 obj The CPI index for the year up to September 2021 was 3.1%. Public Agenda (1.5MB) Public Minutes (0.05MB) Agenda. The decision was enabled after The Social Security. At Strathclyde it is closed to new members. 1 0 obj Can I convert my lump sum to annual pension? 2022 Inflation Increase (19th October 2022) Employee Contribution Rates for 2023/24 SPF Committee Meeting (1st March 2023) Pensions Administration Strategy (PAS) 1st March 2023 Pension Increase/CARE Revaluation (20th February 2023) Accurate Data Services Archive News 2023 2022 Committee Meeting (2nd March 2022) SPF Committee Meeting (21 June 2022) 2 0 obj Will I still get my pension paid on time? I have Re-joined the LGPS. Established in 1975, SPFO is a pool into which employees' and employers' contributions and investment income are paid and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. The amount by which LGPS benefits are increased annually each April is based on inflation during the 12 months to September. I note in the recent filings the discussion of . Co-located with the Oman Banking and Finance Awards, powered by Oman Economic Review. Strathclyde Pension Fund is a provider of pension plans and services for the public and private sectors. Prepared for the Strathclyde Pension Fund Committee and the Controller of Audit 24 November 2021 Strathclyde Pension Fund . The main elements of our work include: evaluation of the key controls within the main accounting systems an audit of the annual accounts and the provision of an Independent Auditor's Report. The pension increase for 2017 was 1%. Fantstico todo el proceso de la automatizacin y las IAs pero qu vamos a hacer con los seres humanos? xKO0 3v$HHeiCMK%H (iW-V`5$xfe What happens if I take another job? 3 0 obj What happens if I have to retire early due to Ill Health? Strathclyde Pension Fund Committee Agenda - 02 March 2022, 11:00 A meeting to be held at by video conference at 11:00 on 02 March 2022. 2023** 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Share Price 0.00 -46.15 85.71 -32.53 -16.16 -26.67 12.50 23.71 7.78 4.65 33.33 34.38 26.32 . 0 % The action has been characterised as "something of a milestone" for "impending service sector strikes of the 21st century." In the academic year 2017-18, the dispute concerned proposed changes to the Universities Superannuation Scheme (USS . Strathclyde Pension Fund May 2022 - Present 1 year 1 month. endobj Glasgow City, Scotland, United Kingdom Director Horizon Investment Advisory Limited Jan 2018 - Present 5 years 5 months. 5 0 obj Real estate fund manager PfP Capital said the additional capital from the UK local government pension scheme will help to the Mid-Market Rent (MMR) fund deliver the next . How do I update my marital/partnership status? Will my benefits be reduced if I take them before normal pension age? 1. Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Pensions Administration Strategy (PAS) 1st March 2023, Pension Increase/CARE Revaluation (20th February 2023). Will my spouse / dependants be entitled to a pension if I die on pension? Millions of pensioners will see an inflation-linked increase to state pension payments next year. sn7R1M.0D]3GNC]g PJ-,?C )n;1?.k_q|`h`t|ghY!bfWs[Rv+7x{)mg4WTV53Zdq @&wP!Q{H'@v%qgoL*3& It+GJgtk1q;N1H!2?w<4|G0B#5_l1D?p]EUh+~vbUrW1DGOe9DD}9Uq?7}?~3pa|60p>Swu*Qrbj,xbVj}9>g TOgg}oo7UM7Ph{xkr}Y MqDv&@A~sN}FWTf`F#c'y h-#|"-Y]}F;- D?Lk`HZ5 CP/qYY[}lEDxHHQq%LcNmv C=B&=!$.Lk+VnI ZL6|+lkF@t&. |:/]C!G.EW\!2NPJ2rF( ! View Case; STRATHCLYDE PENSION FUND, Individually and on Behalf of All Others Similarly Situated, Plaintiffs, v. . If you decide to opt out of the pension scheme you may be automatically re-entered under the automatic enrolment regulations. Win whats next. endobj 4:18-cv-793-DPM. 4 0 obj We explain what else the Chancellor has in store for pension savers. to carry out an actuarial valuation of the Strathclyde Pension Fund ("the Fund") as at 31 March 2020 as required under Regulation 60 of the Local Government Pension Scheme (Scotland) Regulations 2018 ("the <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Arkansas, Central Division. Strathclyde Pension Fund is one of the 2 biggest LGPS funds, one of the top 20 UK pension funds and one of the top 50 European pension funds. How do I inform Strathclyde Pension Fund Office? It will support promising SMEs across Scotland with . 23831 0 obj <>/Filter/FlateDecode/ID[<675D37243EFFEF448DEF35F8EB383C10>]/Index[23808 36]/Info 23807 0 R/Length 112/Prev 809019/Root 23809 0 R/Size 23844/Type/XRef/W[1 3 1]>>stream Can I have my pension paid into my overseas bank account? It will also have widespread economic consequences. at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. 8 0 obj D.P. 23808 0 obj <> endobj The Fund, which closed at over 60 million, has been launched with support from British Business Investments and Strathclyde Pension Fund. At the University of Strathclyde it is open to all staff on Grades 6 or above, and to staff on Grades 1 to 5 who commenced employment with the University between 1 April 2003 and 31 December 2016. SGr@)DkPv=1^NS4&ZT9sa#k ]X/{ee9u7YQ6$F] c*aD7IF_3X l5 QPRCx[S#w(PttCNE ]JN1, qk]]^?G9:cl.V&UAu5mi"u5:="_wV8"m=4}7z8o2 |> j9]Q&C)s(O43I:{p@N9U0R[ClVyMjoa\V:M ' $]_jZmuc@ 'X=/~5t~8?S:j,_kKZ)k|- ?&S` PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. Strathclyde Pension Fund Office is dedicated to making sure: all pension benefits are paid in line with the rules and regulations all members have the pensions information they need the pensions interests of our members and employers are managed and protected LGPS regulations - how benefits are calculated and so on - are set by central government. Stirling Providing independent advice and support to pension funds and charities. Strathclyde Pension Fund is a public pension fund based in Glasgow, Scotland. The Strathclyde Pension Fund's (SPF) 2021 asset list, published at the end of September, showed that it had holdings worth 16.4 million with Sberbank. :=Fl &6 QCJn4X(!/yx(v245k@"0\w&}2;4=z at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. UK CPI for the year to 30th September 2022 was today confirmed as +10.1%. stream The Universities Superannuation Scheme (USS) is the main national pension scheme in the Higher Education Sector. This is the meeting schedule for Strathclyde Pension Fund Committee for the year 2022. be6"Vo~7x5PAG#dzy3~Z}I%[=~C&KoG.f|WQz _76G]ue=Z-(R,@o-XM\YJ7K4Ki?_? Aberdeen Asset Management is to acquire Arden Asset Management LLC, a hedge fund business based in New York and London. Sberbank, a bank with which around half of the Russian population has an account, is owned by the Kremlin through a "National Wealth Fund". Latest updates: Pensions Administration Strategy (PAS) 1st March 2023 Latest updates: Pension Increase/CARE Revaluation (20th February 2023) 1 2 3 4 5 Next COVID19 Brief Guide to LGPS SPFOnline APC calculator Extra Pension Lost Pension Prudential AVCs Contribution calculator Rule of 85 checker Guide to the LGPS FAQs Jargon Buster at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. The pension increase for 2018 was 3.0%. The pension increase for 2017 was 1%. United Kingdom pension funds will increase . LGPS - Strathclyde Pension Fund: Russia/Ukraine publishes on its website: The Russian invasion of Ukraine is clearly a humanitarian tragedy. How do I inform you of the change of address? ThisQ and A tells you all about these changes. 9|:>UN)0y{Q:_i(pSg5ht'0AC2h0PXPr,4KAp'"shx7%sO0%W6 Ex %PDF-1.5 The pension increase for 2019 was 2.4%. It is available to certain staff that were located at Jordanhill College. xnwhe;rK$!, 4 =Q j=GsiDA),R&]3pB u|f2 IQ&O;[w~qGSre,FA KZd oR=WiD+]xnxK%s{S0J-YFB+YC[3y >ZrccYQ>3okTu[(N 5^}g_qcpC9y\Qf qrq+ =w[@ LQGF6E=-CHFc`qxvXB=!