09 March 2022
From 1 April 2022, we are changing how retirement lump sums are calculated for 1987 Scheme members who are aged 50 or over and have between 25 and 30 years’ service. Currently, these members can commute up to 2.25 times their annual pension. This is being changed so they can commute up to 25% of their annual pension instead. This change will not apply retrospectively to retirements pre 1 April 2022.
03 March 2022
Public Sector pensions are set to increase by 3.1% from 11 April 2022. This increase is in line with the rise in the Consumer Price Index (CPI) for the period between September 2020 and September 2021. The Pension Increase is paid to pensioners who are over 55, or who are under 55 and qualify for any of the following:
01 March 2022
It is day two of Cyber Scotland Week and we turn our attention to scams – specifically pension scams. These scams are not exclusively an online issue, but you our members may be lured by online adverts or unsolicited email messages. It is also entirely possible that a third party may imitate SPPA by spoofing a webpage or email that leads a member into thinking they are dealing with SPPA.
28 February 2022
It's day one of Cyber Scotland Week 2022. Let's start off with a question: why is cyber security important to all of us?
28 February 2022
In line with guidance being provided to other UK governmental agencies and departments, the SPPA is highlighting a need to increase cyber security resilience in response to potential malicious incidents related to tensions in Ukraine. We are reaching out to our suppliers and raising awareness on our external channels using the following message:
10 February 2022
We have recently made changes to the 2015 remedy area of our website. These changes were made thanks to the great feedback provided by you, our members. Some of the recent changes include:
01 December 2021
The 2015 Remedy is a complex and significant change to those who are affected and we are aware of a number of myths currently circulating that are understandably making you nervous. These myths may also have you thinking about what you should do before the final salary schemes are closed to future pension build-up on 1 April 2022. To ensure that you have all the facts we have busted some of the myths that we've heard from both our members and their employers. Click on the appropriate dropdown box for your scheme to find out more:
18 November 2021
We have been working with Her Majesty’s Revenue & Customs (HMRC) to make sure that pension information we hold for members of our schemes matches their records. This work has identified that some pension payments from the SPPA have been incorrect. This relates to a part of the pension called Guaranteed Minimum Pension (GMP) and how the cost of living increases, known as index linking, have been applied to it.
28 October 2021
We are introducing Multi Factor Authentication (MFA) to the MyPension website on 3 November 2021. What is Multi-factor Authentication? MFA improves on traditional security methods by adding an extra step when logging in to an online account. Logging in with MFA involves:
26 October 2021
The Goodwin case identified that male survivors of opposite-sex marriages and civil partnerships are treated less favourably than survivors in same-sex marriages and civil partnerships. We are working on a method of calculating family benefits service to address this sexual orientation discrimination. Scheme rules will be changed to ensure that: