Published
21st October 2025
Please note that new pension calculation factors took effect from 1st November 2025. These factors are periodically reviewed by the Trustees and set in line with the Trust Deed and Rules which govern the Scheme and based on the advice of the Scheme Actuary. The factors that were amended are those used for the options of early or late retirement, and those for swapping part of your pension for cash at retirement. Your pension at your Normal Pension Age is unaffected. The benefit projection modeller in PRISM will be updated for these new factors. All factors remain subject to change at any point in the future.
