Smith and Nephew Logo
MANAGE YOUR PENSION Human head and shoulders icon

News

This is where we will post updates about the Fund as well as general pensions news.

Don’t let a scammer enjoy your retirement

Find out more
10/05/2021

Don’t let a scammer enjoy your retirement

Pension scams can be hard to spot, and we would like to remind members to continue to be vigilant. Scammers can be articulate and financially knowledgeable with credible-looking websites, testimonials and materials that are hard to distinguish from the real thing.

They make false claims to gain your trust, claiming they are authorised by the FCA or that they don’t need to be because they aren’t providing the advice themselves.

In January 2019, the government introduced a ban on cold calling about pensions. If someone contacts you out of the blue about your pension, it’s best simply to hang up. The Pensions Regulator’s advice to members is:

  • reject unexpected offers
  • check who you’re dealing with
  • don’t be rushed or pressured
  • get impartial information and advice.

 You can find out more from the Financial Conduct Authority about pension scams and how to avoid them, as well as what to do if you think you’re being targeted by scammers. Or, watch this video about pension scams.

Back to news

We’re checking our data

FIND OUT MORE
26/04/2023

We’re checking our data

The Trustees will be writing to all members in the coming months to request some information. This is to ensure that the data we have is complete and accurate. The Trustees collect and use data in order to pay your benefits as they fall due, administer the fund effectively and meet certain employer and member requirements.


For more information on how we manage your information, you can find our privacy policy here.

Back to news

Spring Budget 2023

FIND OUT MORE
26/04/2023

Spring Budget 2023

The government has cancelled the Lifetime Allowance (LTA) charge with effect from 6 April 2023 and is expected to scrap the LTA completely from 6 April 2024.


The government has also increased the Annual Allowance, which is a limit on how much you can pay into a pension tax free in each tax year. You can now save up to £60,000 a year into a pension, provided you are not a very high earner (£200,000+) or someone who has accessed their benefits flexibly in the past.


In addition to the above, the government has placed a cap on the amount of tax-free cash you can take at retirement. A limit of £268,275 now applies to this lump sum. However, if you previously had some form of Lifetime Allowance protection, this may protect the value of the tax-free lump sum amount you can take at retirement.


If you have any questions, please contact Mercer.

Back to news

Cookie control centre

We use cookies to provide you with a better service. Essential cookies provide core functionality and you cannot use the website without them. Essential cookies do not collect any personal information or track your activity on the website. Other cookies, such as Analytic cookies and Functionality cookies, are not essential. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary

Always Active

Name: october_session

Provider: .smithandnephewpensions.co.uk

Duration: 2 Hours

Type: Session Cookies

Name: preference_cookie

Provider: .smithandnephewpensions.co.uk

Duration: Permanent

Type: First Party Cookies

Name: admin_auth

Provider: smithandnephewpensions.co.uk

Duration: 5 Years 1 Month

Type: First Party Cookies

Performance Cookies

Name: _ga

Provider: Google.com

Duration: 2 Years

Type: Analytics Cookies

Name: _ga_DM4D1B5656

Provider: Google.com

Duration: 2 Years

Type: Analytics Cookies

We use cookies to enhance your website experience and to allow us to customise the content you see.