As illustrated below, Strathclyde Pension Fund has made five commitments to private equity funds with a 2019 or 2020 vintage year, which combined constitute 125 million. at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. UK Government today confirmed that the full 10.1% increase (from last September's CPI) will apply to pensions in payment and Career Average Revalued Earnings (CARE) pension revaluation. Pensioners will see the full state pension rise by 5.55 a week from next April, but they will lose out on nearly 500 a year after the triple lock promise was broken. endobj How do annual allowance (AA) and lifetime allowance (LTA) work? It works with a wide range of clients, including corporate and state pension funds, sovereign wealth funds, global . Highlights upon the report include: +7.7%investment return for the year +2.0 billion investment gain for the year; 28.4 millionverschluss value for at 31 clandestinity March 2022 +9.8% p.a. Asset allocation as of March 31, 2022. Will my benefits be reduced if I take them before normal pension age? 1 0 obj Phone Number 0345 890 8999. 2019/20 -7.5% 2022/23 -7.1% 2020/21 -7.5% 2023/24 -7.1% Secondary Rate () Last Valuation This Valuation 31 March 2017 31 March 2020 . Can I release part of my pension pot to receive a cash lump sum? { 4 J86~Y0 NeR\%(P2@IQQQ!->H&s0Y1J Will the retirement process be affected? Public Agenda (1.5MB) Public Minutes (0.05MB) Agenda. 1(|R$ At Strathclyde it is closed to new members. The CPI index for the year up to September 2021 was 3.1%. T`$#12G^x9V0=sSS %PDF-1.7 9 0 obj There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months toSeptember 2015fell by 0.1%. F The decision was enabled after The Social Security. How do I inform you of the change of address? Any questions? <> It pointed out that Scottish LGPS funds were all "close to or above" full funding, which it said . We expect that this will be the basis for April 2023's pension increase of pensions in payment, and revaluation of all career average benefits for active and deferred members. 1. It will also have widespread economic consequences. Click on a meeting date to view to view the published Agenda and Committee Documents for this meeting. <> ORDER D.P. stream Can I transfer my deferred benefits to another pension scheme? 5@E6\L The action has been characterised as "something of a milestone" for "impending service sector strikes of the 21st century." In the academic year 2017-18, the dispute concerned proposed changes to the Universities Superannuation Scheme (USS . Stirling Providing independent advice and support to pension funds and charities. Watch a short video on pension tax, and find further links to what options might be available to help you manage. x002?X-}*:p@l @ a31>b0 HS 05 Apr 2022. at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. 6 0 obj Win whats next. Established in 1975, SPFO is a pool into which employees' and employers' contributions and investment income are paid and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. The Court certified the following class under Federal Rule of Civil Procedure 23 (b) (3): 14 March 2022: Aggregation: Technical guide: Pension Funds: Current: Version 2.0 [clean] [PDF] 19 January 2016: Aggregation: Leaflets for re-joiners: Pension Funds: Current: . xKO0 3v$HHeiCMK%H (iW-V`5$xfe Over the past half of the 2020 fiscal year alone, the pension fund's value dropped from nearly $80 billion to $76.7 billion, according to Treasury records. View Case; STRATHCLYDE PENSION FUND, Individually and on Behalf of All Others Similarly Situated, Plaintiffs, v. . STRATHCLYDE PENSION FUND, Lead Plaintiff, Plaintiff, v. BANK OZK and GEORGE GLEASON Defendants. <>/Metadata 728 0 R/ViewerPreferences 729 0 R>> There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. All rights reserved. Retired public sector workers to get 2,000 pension boost as inflation surges Incomes of former civil servants to rise 10pc as ministers call for working people to accept real-terms pay cut. <> to carry out an actuarial valuation of the Strathclyde Pension Fund ("the Fund") as at 31 March 2020 as required under Regulation 60 of the Local Government Pension Scheme (Scotland) Regulations 2018 ("the There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. hbbd```b``> "7HY ,gZ&MA$H=LZIVx \"J"`3kI ~YH}L&a7 -_ 9|:>UN)0y{Q:_i(pSg5ht'0AC2h0PXPr,4KAp'"shx7%sO0%W6 Ex Youre viewing 5 of 168 commitments. This was from a total value of 27.907bn. endobj The Strathclyde Pension Fund is one of the 20 largest UK funds and one of the top 50 European pension funds. How does Freedom and Choice in pensions affect LGPS members? {|bihbFX|8*Y/ .=w')0GBo{ |7%=R:spBi?aWu'3.[!*t88 'ZPaFj, T_&SoX4Wd0+kdssV21J"9vmw?+Hfehs=E'! PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. ,\Fsiba{Y";?y2~4_-g,,0n3Jh tl}cHf z^bKbuL\o}hWm%'C10K+USI K> :e!\ty z1D x_aXC]'_|'N9qO[@>>(sG#!SI,_]3|s`HaNu [AM]&$t TM(K,\;vd(D}aGLc7Ch-3MbQ9mxEQo[Xs*jmn3~ 2 0 obj February 14, 2022. . hb```l ea0 U&Fb.y?d~-)aj)S8^6mmhMl c1n00X0013070@ ? I have Re-joined the LGPS. ThisQ and A tells you all about these changes. <> Get the full list, To view Strathclyde Pension Funds complete mandates history, request access, Youre viewing 5 of 11 team members. DeGNy:C|g_ $%Wc[w~Q d~5]U O) :^J\\ 3.1% The pension increase for 2022 will be 3.1% (based on September's inflation figure). UbX5dUEQ( OCUEu1;Rgr jf5!xa g JO}P# 0p~ gRY&j7`Q"/5ACDIzC( Even deep into 2022, long past the point where she was thoroughly discredited, the usual suspects in the media continued to promote her conspiracy theory. %%EOF LGPS pensions did not go down from April 2016 despite the fall in CPI. kKRq@E !6 $Q3HerO=}1;8~s> O-)Z<246;?R4Vk8hAuV_TcX>c>!|1K#=b})1cnieAlAiYd?gB}uYXU C]fph55s0v@6sK"aWhe It will support promising SMEs across Scotland with . This needs to be confirmed in the Pensions Increase (Review) Order and Public Service Pensions Revaluation Order which will be made in parliament early in 2023. endstream Lockdownists wanted an elaborate conspiracy theory to try to excuse blue states being outperformed by Florida, and Rebekah Jones was happy to sell them it. <> I am medically unfit to work. Strathclyde Pension Fund is one of the 2 biggest LGPS funds, one of the top 20 UK pension funds and one of the top 50 European pension funds. Be;.~Wz^ S `NmNKuDbCi0N*w}*CJa^1 h=!9cuN)Dca//MZ{rCJ3Rg\$WccsDw'_/ p0Dgsi$ 9IU1)z"c"*FEXoOInJ`8 This means active pension accounts, deferred . Read More McCloud/Sargeant and the 2015 Remedy pension calculators Your benefits for membership after 31 March 2015 have a normal pension age of your State Pension age. If you meet the Rule of 85 and are over 60 when you retire, reductions will not apply to benefits that have Rule of 85 protection. This is a profile preview from the PitchBook Platform. Strathclyde Pension Fund Voting Activity Q2 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction STRATHCLYDE PENSION FUND SPF OLDFIELD SS&C TECHNOLOGIES HOLDINGS, INC.US78467J1007 472200 11-May-2022 Annual General Meeting 1. Congratulations to the others that What if I should die before receiving my deferred benefits? It makes sure that all pension benefits are paid in line with the rules and regulations . STRATHCLYDE PENSION FUND v. OZK Email | Print | Comments (0) No. Merchant Navy Officers Pension Fund. I am over age 55 and want to retire. Initial conclusions are: endobj The Chief Secretary to the Treasury has issued a written statement to this effect, with the Public Service Pensions Revaluation Order 2022, coming into force on 11 April 2021. Strathclyde Pension Fund is a public pension fund based in Glasgow, Scotland. _76G]ue=Z-(R,@o-XM\YJ7K4Ki?_? But preliminary figures for the first 10 months of the 2021 fiscal . The pension increase for 2019 was 2.4%. If you decide to opt out of the pension scheme you may be automatically re-entered under the automatic enrolment regulations. Are Pension debits deducted on my statement? endobj Click on a year at the top of the list to view all of the meetings for that year. The University and College Union (UCU), a trade union representing 110,000 staff at UK universities, ran a major series of connected strikes in 2018-23. It is available to certain staff that were located at Jordanhill College. The in-service revaluation for the 2018 Local Government Pension Scheme in respect of 2021/22 will be 3.1%. How are my retirement benefits calculated? endobj at Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW, Frequently asked questions that can be filtered to suit you, Provides topic based information written in QA format, Acronyms are listed under A in the A to Z. UK CPI for the year to 30th September 2022 was today confirmed as +10.1%. I note in the recent filings the discussion of . 3 0 obj stream Prepared for the Strathclyde Pension Fund Committee and the Controller of Audit 24 November 2021 Strathclyde Pension Fund . Strathclyde Pension Fund Office, PO Box 27001, Glasgow G2 9EW. endstream endobj 23809 0 obj <. The Strathclyde Pension Fund Committee met right to consider an Fund's 2022 Annual Report and Financial Statements.. The pensions increase for 2018 was 3%. Scotland's largest council pension fund is to end investments in fossil fuel companies that are not strongly committed to reducing emissions. 23843 0 obj <>stream 1 0 obj The increase is payable once you are 55 or if you retired on ill health. 2 0 obj Institution: Strathclyde Pension Fund Headquarters: Glasgow, United Kingdom AUM: 23.08bn Bitesize: 10-50m Strathclyde Pension Fund has awarded private corporate debt mandates to three fund managers following an RFP issued in late 2019.. Alcentra, Barings and Partners Group have proved successful following a final tender, with the managers being awarded a 1.25, 1.25 percent and 1.0 percent . Strathclyde Pension Fund Committee Agenda - 23 November 2022, 11:00 A meeting to be held at by hybrid at 11:00 on 23 November 2022. Real estate fund manager PfP Capital said the additional capital from the UK local government pension scheme will help to the Mid-Market Rent (MMR) fund deliver the next . The pension increase for 2017 was 1%. Back to. Get the full list, Youre viewing 5 of 12 board members. Environmental groups have been calling for years. dR'hNrt+J3)c)0`riIjS-T> _Ql '55m#C,Y]D@:0N]_jYHH[RCDCIrs-I W%V^oleiv&8V!-5u"S2ypk `I2% 7.&W4 C*R.~>r@2j1$! Strathclyde Pension Fund Voting Activity Q3 2022 Strathclyde Pension Fund Voting Activity Q3 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type # Items Vote Instruction SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 Annual General Meeting 1 F SPF OLDFIELD BT GROUP PLC GB0030913577 14269589 14-Jul-2022 What if I should die while still in employment? How do I inform Strathclyde Pension Fund Office? be6"Vo~7x5PAG#dzy3~Z}I%[=~C&KoG.f|WQz endobj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 31 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 'X=/~5t~8?S:j,_kKZ)k|- ?&S` How do I inform Strathclyde Pension Fund. ORDER. % National Equity Fund (NEF) Announces $2.1 Billion in Affordable Housing Investments for 2022, nearly matching record performance in 2021 NEF provided near-record levels of financing to support. %PDF-1.5 |:/]C!G.EW\!2NPJ2rF( ! Strathclyde Pension Fund [SPF] (restricted to staff who were members before the merge with Northern College) Medical Research Council [MRC] Tax Implications and the Lifetime Allowance. endobj Xbj: The New Age Banking Summit - Oman is the region's leading conference to explore business-critical needs and disruptive banking innovations. we may earn affiliate commission, which helps fund our not-for-profit mission. Can I receive my benefits? The overall return on investments for the year was +25.1% which was ahead Your April 2017 payment will only reflect about 2/3 of the increase, as it takes effect from Monday 10 April 2017, not from 1 April 2017. Active pension accounts, deferred pensions and pensions in payment are adjusted each April in line with the cost of living. Aberdeen Asset Management is to acquire Arden Asset Management LLC, a hedge fund business based in New York and London. billion at 31 March 2021, an increase of 5.413 billion from the prior year. How do I notify you of a change of bank account? Contact Email spfo@glasgow.gov.uk. Strathclyde Pension Fund Voting Activity Q1 2022 Fund Manager Company Name ISIN Holding Meeting Date Meeting Type# Items Vote Instruction STRATHCLYDE PENSION FUND SPF VERITAS AENA SME SA ES0105046009 168761 31-Mar-2022 Ordinary General Meeting 13 F SPF LAZARD INTUIT INC. US4612021034 22097 20-Jan-2022 Annual General Meeting 1A. <> United Kingdom pension funds will increase . xKk09zZ6B>B &u~IyY6FQ2q64Q/fT(P"C"I9T81^B&Th U||{i6&NGr ^MfEffe6]3&f@"vyq-(F$&`a_'$BC5q&.+ |7b\ Q5oF;$1pNbnu!RDlp^m:E)p0 BjN(N%3I3M cUVN)t\2p. The amount by which LGPS benefits are increased annually each April is based on inflation during the 12 months to September. stream This increase is in line with the rise in the Consumer Price Index (CPI) for the period between September 2020 and September 2021. What happens if I take another job? 4 0 obj % Get the full list, Morningstar Institutional Equity Research, Vice Convener of the Pension Fund Committee. <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 4 0 obj I have moved house. 1 0 obj ;?x'/=}ueQ%] i4K; >^?' $BKJ{~xbH1CYwcJv1=:_^+yV x[*RMIQ9z}O;pLy80df]0\b(=K"h6,|RO~_~RyBfiI&kW=, \Bk.{ swA 2023 PitchBook. - 03 March 2022. United States District Court, E.D. The assets are managed by the Strathclyde Pension Fund Committee. Where can I find my Active 2022 Pension Update? When will the Deferred 2022 newsletter be available?