Webb: New figures show retirement is changing

DWPNew government research shows how the way we view retirement is changing, as well as the challenges that older workers can face. Nearly half of over 50s want to keep… More information

Forces Pension Society Roadshow Programme

PENSIONThere are some Forces Pension Society Roadshows at various RAF stations. Can you can too help by arranging a Unit Brief? The pension needs of serving and… More information

Reduction in Pension Relief likely to hit Senior Officers

PENSIONIt is likely that George Osborne’s announcement in the Autumn Statement that he is to reduce pension tax relief will affect more than just the very rich. The changes are also likely to hit some long-serving public sector employees on final salary pension schemes. Those within the Armed Forces most likely to be affected by the changes are long-serving senior officers…More information »

Our Stories in RAF News – The added pitfall of a Pension Sharing Order

Periodically in RAF News the Federation uses the evidence someone has provided to illustrate a topic of concern. The cases illustrate where policy is deemed as not quite fair or is outdated, or where there is disadvantage purely because that someone is a member of an RAF family. In this edition a correspondent wishes to point out the added pitfalls of a Pension Sharing Order for the Serving member. An out of pocket individual wishes to draw the attention of Service personnel to the added financial burden of a pension sharing order.  In his case he agreed…Click here

RAF Families Federation give an Update on BFBS

Patrick Eade of BFBS interviews Ann Dewar, Comms Manager at the Federation, on the latest work going on on behalf of RAF Families. Subjects discussed include the latest survey results on Pay, Pension, X-factor, redundancies, the Federation survey coming up in Sep on the support to RAF Families and the Federation’s magazine Envoy…More information »

Outline design of the new Armed Forces Pension Scheme

The proposed outline design of the new Armed Forces Pension Scheme has been issued by the MoD. The proposed outline design, which has been endorsed by the Service Chiefs, builds on the recommendations for pension reform brought forward by Lord Hutton of Furness, and takes account of the views of Service Personnel expressed in an extensive initial consultation on the new scheme…More information »

If Money means Something – Please respond. Only 3 days left…

There are only three days left to respond to our pay and pension survey which closes on 30 Jun 12. Please take a few minutes to answer the questions on money issues giving the RAF FF evidence to try and secure a pay increase for Apr 13. As the Armed Forces is relinquished from the two year pay freeze there is not much on the table but we need the evidence to say that RAF personnel deserve something…More information »

Worries over Pension Changes

Many newspapers have reported that Armed Forces personnel may have to serve for 23 years before they are able to collect their pensions. In response the MoD has said: “Changes are likely to include an adjustment to the amount of service required to become eligible for an Early Departure Payment. The earliest this can be drawn by anyone joining the Armed Forces today is at age 40. No final decisions have been made…More information »

Mirror Campaigns Against Changes to Service Pensions

The Mirror newspaper has today launched a ‘Pensions Fit For Heroes’ Campaign to fight Forces cuts. Chris Hughes, Mirror correspondent, points out the government is changing the basis upon which Service pensions are calculated. From April they will be based on the Consumer Prices Index (CPI) rather than the Retail Price Index (RPI) as they are at the moment, causing a huge decrease in payouts…

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FPS Push PM for a Rethink on Pensions

The Forces Pension Society have hand delivered a letter to the Prime Minister calling on the government to reconsider the change in pension indexation from the Retail Price Index to the Consumer Price Index for the Armed Forces. General Sir Roger Wheeler, President of the FPS said, “The Armed Forces was not looking for special treatment but for fair treatment…
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