- Pension Leads & HR Managers
- Internal Communications Managers
- Payroll Managers
- Sign up for the upcoming Employer Events
- Familiarise yourself with the 'new look' CSCS landing page
- To note a procurement exercise has been published to replace existing Defined Contribution Pension Providers
- To note the change of opening hours at Health Assured Ltd.
SIGN UP for the next Employer Event
Building on the success of the Regional Employer Forums held in May this year, the next round of events is due to take place in September and October. The dates, times and locations are as follows:
|27/09/16||Edinburgh||Saughton House||Scottish Goverment||09:30 - 12:30|
|28/09/16||Liverpool||Cunard House||Lord Mayor's Office||10:00 - 13:00|
|06/10/16||London||Natural History Museum||Natural History Museum||10:00 - 13:00|
|07/10/16||Cardiff||Crown Way, Maindy||Companies House||10:00 - 13:00|
|NEW FAIR DEAL ONLY EMPLOYERS|
|06/10/16||London||Natural History Museum||Natural History Museum||14:00 - 17:00|
The agenda will include an update on progress to date of the Annual Benefit Statement process for 2016, the latest on the CSCS programme and annual allowances, together with the results of the recent MyCSP employer satisfaction survey. It will also be an excellent opportunity to network with colleagues from across the breadth of employers.
If you’d like to attend, simply choose the venue and date that suits you best and email firstname.lastname@example.org to reserve your place. In return, we’ll confirm your invite and send out the full agenda (please note that the afternoon session in London on 6 October is dedicated to New Fair Deal employers). Due to room capacities a maximum of two representatives per employer is permitted.
Civil Service Compensation Scheme (CSCS) – Calculators and Webpage
The layout of the current Civil Service Compensation Scheme (CSCS) pages have been redesigned to make it easier for members and employers to navigate. The page layout and design has followed the look and feel of the 2016 Annual Benefit Statement pages which have been well received by members and employers alike.
The pages can be found at the following;
You should also note that the Civil Service Compensation Scheme calculators are now available which can be found within the pages noted above.
DON’T FORGET… You should contact MyCSP, the scheme administrator, as early as possible to discuss the timescales for running your exit scheme. You can contact them using the dedicated exit scheme email address email@example.com
Change of Defined Contribution pension provider
There are currently three providers of Partnership (Standard Life, Scottish Widows and Prudential) and three providers of the Additional Voluntary Contributions scheme (Standard Life, Scottish Widows and Equitable Life). Prudential and Equitable Life are closed to new joiners.
Cabinet Office has decided to move to a single Defined Contribution provider from April 2018. From April 2018 almost all Partnership and AVC contributions will change to the new provider (there are a small number of contracts which may need to continue, eg, members purchasing enhanced death benefits from Equitable Life).
The change will require payroll amendments to send contributions to the new provider however, these cannot be detailed until a successful provider is identified. Cabinet Office expects to be able to announce a new provider by approximately January 2017. At this time further detail about payroll changes and the new provider’s processes will become available.
The first stage of procuring a new provider will be published over the next week, inviting companies to bid. The process is expected to conclude toward the end of 2016. As above, no immediate action is required, but you should be prepared for payroll changes to move to a new provider from April 2018.
Health Assured Ltd – Opening Hours
Please see the attached note below from Health Assured Ltd with regards to their opening hours;
“In recent review of our client feedback, Health Assured Ltd are now looking to re-instate the service call time hours to operate between the working of hours of 10.00 and 16.00. This change to the service will be taking effect as of 11 August 2016.
For any procedural issue enquiries please be reminded that these should be made through MyCSP using the email address firstname.lastname@example.org.”
If you have a question about the distribution of EPNs contact email@example.com.
This notice is for employers and should not be issued to scheme members.
If members have a question about their pension they can find information on this website or by contacting MyCSP.