Pension news
Find out news about Somerfield Pension Scheme and pensions in general.
State Pension Triple Lock
The State Pension increased by 4.8% from April 2026 under the Government's Triple Lock policy, which guarantees annual increases in line with the highest of earnings growth, inflation or 2.5%.
10/12/2026
Website launch & Summary Funding Statement
The Scheme’s new administrators, First Actuarial, have launched this website for Scheme members. Members can use the website to view information about their benefits, access forms and other important
...9/18/2023
Pensions Dashboard Programme
A 'Pensions Dashboard' will allow an individual to see all their pension information in a single, secure place online.
...6/20/2023
The Annual Allowance and the Lifetime Allowance
The pension savings you can make tax-free in each tax year (the year beginning 6 April) to all pension arrangements combined are limited to the
...4/1/2023
What do you need in retirement?
Working out how much income you need in retirement to ensure a good standard of living is a difficult question, and there is no single answer to
...2/28/2023
Cost of Living - resources
First Actuarial has put together a set of resources on their Cost of Living microsite to help support people through the cost of living crisis.
...12/5/2022