Scheme news

Exciting News: Transfer Values Now Available Online!

24 Feb 2025

We are thrilled to announce a major enhancement to our services that will make managing your pension even easier and more convenient. You can now access...

Trustee

Changes to the Trustee board

31 Jan 2025

We are excited to welcome Sian Sloane, our new Company Nominated Director, to the Board on 22 January 2025. Additionally, we are delighted to announce...

Tax and legislation

Autumn Budget and your pension

12 Nov 2024

On 30 October 2024, Chancellor Rachel Reeves delivered the first Budget by the new Labour government.

Scheme news

Accessing documents from AON

12 Nov 2024

If the plan’s administrator, Aon, send you documents via email, you will be directed to a web page where you should request a one-time passcode.

Scheme news Trustee

Join our team as a Trustee Director

30 Sept 2024

Are you passionate about making a difference? We have an exciting opportunity for you to join our team of Trustee Directors.

Scheme news

Summary Funding Statement now live

02 Jul 2024

The Scheme’s latest Summary Funding Statement (SFS) is now live online.

Wellbeing

Pension scams and cyber security

22 May 2024

Cyber scams in the UK are unfortunately becoming more common, and scammers’ techniques more sophisticated. This is a serious issue that can have...

Tax and legislation

Update on the Lifetime Allowance

16 Apr 2024

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your...

Tax and legislation

Pension updates from the Autumn Statement

05 Dec 2023

On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, setting out the Government’s key commitments and objectives for the UK...

Scheme news

Delay to Aon requests

03 Jul 2023

Aon the Trustees’ Pensions Administrator is currently experiencing an extremely high level of member enquiries which may take longer for them to respond...

Wellbeing

Cyber security and your pension

30 Jun 2023

A number of pension schemes have been affected by cyber security breaches at major UK companies, as reported in the news recently.

Pension news

Pensions Dashboards: Good things come to those who wait

30 Jun 2023

For several years now, the pensions industry has been working on the idea of pensions dashboards: online tools enabling savers to view all their pension...

Trustee

Update to the Trustee Board

13 Jun 2023

The Trustee Board is made up of both Company and Member Nominated Trustee Directors. Member Nominated Trustee Directors (MNTDs) are appointed for four...

Tax and legislation

What does the Spring Budget mean for your pension?

20 Mar 2023

On Wednesday 15th March, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a...

Scheme news

Read our latest newsletter: Horizons 2023

09 Mar 2023

Whilst you were paying into the AA Pension Scheme, you built up an annual pension that is payable for life. This is known as a Defined Benefit (DB)...

Trustee

Could you join the Trustee Board?

09 Mar 2023

The Scheme is managed by a Board of Trustee Directors who are collectively responsible for ensuring it is run in the best interests of the members. It’s...

Wellbeing

What is a transfer value and how does it work?

12 Apr 2022

Whilst you were paying into the AA Pension Scheme, you built up an annual pension that is payable for life. This is known as a Defined Benefit (DB)...

Trustee

Updates to the Trustee Board

27 Jan 2022

Back in November the AA Pension Scheme (The Scheme) announced it was looking for new Member Nominated Trustee Directors (MNTD) to join the Trustee &...

Trustee

Member Nominated Trustee Director (MNTD) election

30 Nov 2021

Fancy a new challenge? Join our Trustee team and help run the AA Pension Scheme

Wellbeing

Scammers target over £2 million in pension pots in the last five months

19 Aug 2021

A recent poll by the Financial Conduct Authority (FCA) has found that, despite 68% of respondents claiming they were confident they could spot the signs...

Tax and legislation

What is the triple lock on pensions and how could it affect you?

27 Jul 2021

The triple lock on pensions, which is a Government pledge to raising the State Pension by a certain amount each year, has been hitting the headlines.

Wellbeing

The Money Advice Service, the Pensions Advisory Service and Pension Wise have joined forces to create MoneyHelper

01 Jul 2021

The new Money and Pensions advice website, www.moneyhelper.org.uk is now live.

Trustee

Statement prepared by the Trustee

24 Nov 2020

The Trustee believes that the proposed transaction is in the interests of the members of the pension scheme and is pleased to have signed a Memorandum...

Trustee

Pete Foster Retires from the Trustee board of the AA Pension Scheme after 16 years

23 Oct 2020

In early October, the Trustee ran a Member Nominated Trustee Director (MNTD) selection panel as our existing MNTDs’ terms of office expire on 31 October...

Wellbeing

Protect your financial self

18 Jun 2020

During the COVID-19 pandemic, there have been reports of a 400% increase in scams as a result of coronavirus-related fraud. Action Fraud, the UK’s...

Scheme news

Coronavirus update

17 Apr 2020

As the impact of the coronavirus is felt across the UK, we want to let members of the AA Pension Scheme (the Scheme) know that the Trustee’s top...

Tax and legislation

State Pensions increase by 3.9%

11 Mar 2020

From 6 April 2020, the State Pension, for those who reached their State Pension Age on or after 6 April 2016 will rise by 3.9% to £175.20 a week...

Pension news

What Does 2020 Hold for Pensions?

21 Feb 2020

Pension schemes have always had to deal with large amounts of industry and regulatory changes, and now The Pensions Regulator (TPR) has sent a very...

Pension news

British Steel trustees are cleared by The Pensions Ombudsman

06 Feb 2020

The Pensions Ombudsman has rejected a number of complaints against the trustees of the embattled and collapsed British Steel Pension Scheme (BSPS).

Pension news

A busy 2020 is predicted for the pensions industry

17 Jan 2020

Pension experts have forecast a hectic 2020 for the industry, with the expected Pensions Schemes Bill and increased calls for responsible investment top...

Wellbeing

Millennials are driving interest in sustainable investment

09 Jan 2020

Sustainable, socially responsible or ESG (environmental, social and governance) investing is on the rise, in companies or funds which aim to achieve...

Tax and legislation

Pension reforms expected after Tory majority.

31 Dec 2019

Following the Conservative Party’s comprehensive victory in the general election, sweeping pension system reforms are expected.

Tax and legislation

Pensions boosted under proposed living wage

13 Dec 2019

Increasing the national living wage to an hourly rate of £10.50 would result in a pension boost of £333, according to calculations from Quilter (a...

Pension news

Property Vs Pension

22 Nov 2019

When it comes to saving money for retirement, the number of people who prefer property to pensions is on the rise. Property has had some massive growth...

Tax and legislation

The high court has ruled that women are not entitled to compensation for state pension age changes

17 Oct 2019

Campaigners have lost a significant legal battle against the Government’s handling of the rise in women’s state pension age.

Pension news

What does 2019 have in store for Pensions?

25 Apr 2019

The state Pension is set to rise in April by around £4.25 a week or £220 a year. The full State Pension will now be worth £168.60 a week rising from...

Pension news

What lies ahead for pensions in 2019?

14 Jan 2019

From April 2019, under auto-enrolment rules, the minimum contributions into a workplace pension will increase

Wellbeing

Five fold increase in people seeking information about pension scams

04 Jan 2019

Following an awareness campaign in the summer by the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) there has been a huge increase...