The range of investment funds has changed for members of the Industry-Wide Defined Contribution (IWDC) Section and the BRASS or AVC Extra Additional Voluntary Contribution arrangements.
If you're aged 50 or over and request to transfer out or access any defined contribution benefits, you may need to obtain free guidance on your retirement options from Pension Wise.
If you are looking to take your benefits earlier or later than your NRA, the benefit calculation may change once new factors take effect from 1 July 2022.
On 23 March 2022, Chancellor Rishi Sunak delivered his Spring Statement. It is an update on the current state and future expectations of the nation’s finances.
If you are still saving into your pension or you have preserved benefits then you can transfer out of the Railways Pension Scheme (RPS) to another scheme or provider.
We provide regular newsletters to help you navigate your pension whether you're paying into the Scheme, not paying in anymore, or receiving your pension.
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