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Pensions blog

Pensions blog

Prospect's pensions officers blog about the issues that exercise their minds.


Illustration of the importance of pension savings

Update on cashing in defined benefit pension benefits

A major trend in pensions in 2017 was for tens of thousands of members of defined benefit pension schemes to trade in their benefits for a large cash lump sum.


Brexit flags

Update on Brexit and Pensions

A previous blog covered the potential impact of Brexit on the pensions of Prospect members who move between the UK and the rest of the EU during their careers or after they retire.


Man with calculator

Help for Prospect members with pension tax issues

The pension tax relief system is very complicated (complicated enough to generate more previous pension blogs than any other issue!).


Illustration of the importance of pension savings

Calling all millennials – why pensions should matter to you

It’s time to start caring about your pension. You might think that this is not the time to start planning for retirement, but let me outline why it’s important for you, as a young professional, to be enrolled in your workplace pension scheme and engaged with your pension savings.


Public sector pension costs are not soaring!

There has been further recent press coverage (in the Sunday Times (£) and the Daily Mail) about the cost of public sector pension schemes.

Latest pensions documents


NEC PASC Agenda 16 January 2018   info
The agenda for the meeting.

Pension tax relief teleconference - December 2017   info
Recording of teleconference on pension tax relief held in December 2017.

Letter to Pensions Minister re State Pension Age review   info
Letter to Guy Opperman MP about proposed change to principle underpinning future reviews of State Pension Age that would result in higher State Pension Age for millions of people.

Prospect Response Civil Service DC Pensions Provider Consultation   info
Response to Cabinet Office's consultation on the appoint Legal & General as the sole provider for Civil Service's defined contribution pension schemes.

Prospect submission to Pension Freedoms inquiry   info
Submission to Work and Pensions Select Committee Inquiry into pension freedoms.