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EPN466 - Civil Service Additional Voluntary Contribution Scheme (CSAVCS) – change in Equitable Life’s bank details

Audience:

This notice will be of particular interest to:

  • Pension Leads
  • Payroll Managers

Action:

  • Note that Equitable Life’s bank details are changing from 31 October 2016 and that this will impact on contributions you deduct from employees’ salaries.

Timing:

  • Immediate

Detail

1. Equitable Life have advised that it is changing its bank to Barclays. If you pay employees’ AVCs to Equitable Life using internet, telephone banking, faster payments or BACs Direct Credit methods, you will need to update Equitable Life’s bank details before 31 October 2016. The new details are as follows:

Payee:                      Equitable Life Assurance Society

Banker:                     Barclays

Sort Code:                20-03-62

Account Number:     20490148

2. When you make payments to Equitable Life, please use your existing scheme number as the payment reference. If you have any questions, please call Equitable Life on 0330 159 1531.

3. From 31 October 2016, any payments into the account operated by HSBC will be rejected by them.

Contacts

If you have a question about the distribution of EPNs contact employerpensionnotice@cabinetoffice.gov.uk.

You can find electronic copies of the Employer Pension Guide, all current EPNs and forms on our website.

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.