Welcome to My Pension Journey, your one stop shop for you to find key information and news about the AA Pension Scheme.

We’ll be adding new articles to our Journey every month, so please make sure you regularly visit.

Wellbeing
How to stay scam-proof in 2025

How to stay scam-proof in 2025

“It’s gone. Every fiver I’ve put aside. Every penny I’ve put in the piggy bank. Everything I’ve ever worked for!”
Scheme news
Exciting News: Transfer Values Now Available Online!

Exciting News: Transfer Values Now Available Online!

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

Changes to the Trustee board

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

Autumn Budget and your pension

On 30 October 2024, Chancellor Rachel Reeves delivered the first Budget by the new Labour government.
Scheme news
Accessing documents from AON

Accessing documents from AON

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

Join our team as a Trustee Director

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

Summary Funding Statement now live

The Scheme’s latest Summary Funding Statement (SFS) is now live online.
Wellbeing
Pension scams and cyber security

Pension scams and cyber security

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

Update on the Lifetime Allowance

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

Pension updates from the Autumn Statement

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

Delay to Aon requests

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

Cyber security and your pension

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

Pensions Dashboards: Good things come to those who wait

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

Update to the Trustee Board

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?

What does the Spring Budget mean for your pension?

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
Your AA Defined Benefits

Your AA Defined Benefits

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?

Could you join the Trustee Board?

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?

What is a transfer value and how does it work?

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

Updates to the Trustee Board

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

Member Nominated Trustee Director (MNTD) election

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

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

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?

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

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

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

The new Money and Pensions advice website, www.moneyhelper.org.uk is now live.
Trustee
Statement prepared by the Trustee

Statement prepared by the Trustee

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

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

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

Protect your financial self

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

Coronavirus update

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%

State Pensions increase by 3.9%

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?

What Does 2020 Hold for Pensions?

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

British Steel trustees are cleared by The Pensions Ombudsman

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

A busy 2020 is predicted for the pensions industry

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

Millennials are driving interest in sustainable investment

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.

Pension reforms expected after Tory majority.

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

Pensions boosted under proposed living wage

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

Property Vs Pension

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

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

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?

What does 2019 have in store for Pensions?

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?

What lies ahead for pensions in 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

Five fold increase in people seeking information about pension scams

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