Upcoming change to pension factorsWe are updating the factors used to calculate pension benefits to reflect current market conditions with effect from 1 June 2026. There’s no change to the pension you’ve built up. However, where you choose to take your pension early, the amount of pension and cash payable will depend on the factors in place at your date of retirement.If you ask for a retirement quotation with a date of retirement after 1 June 2026, your benefits will be calculated using the updated factors. If you are considering retiring before this date, you may wish to request a retirement quotation so you can understand how the change could affect you.
Upcoming change to pension factors
We are updating the factors used to calculate pension benefits to reflect current market conditions with effect from 1 June 2026. There’s no change to the pension you’ve built up. However, where you choose to take your pension early, the amount of pension and cash payable will depend on the factors in place at your date of retirement.
If you ask for a retirement quotation with a date of retirement after 1 June 2026, your benefits will be calculated using the updated factors. If you are considering retiring before this date, you may wish to request a retirement quotation so you can understand how the change could affect you.
If you ask for a retirement quotation with a date of retirement after 1 June 2026, your benefits will be calculated using the updated factors. If you are considering retiring before this date, you may wish to request a retirement quotation so you can understand how the change could affect you.
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