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All payments by the PCSPS to Cypriot banks in Cyprus have been resumed. Our current information is that the banking system is operating normally in relation to international transfers into Cypriot-based bank accounts.
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Set up as the first mutual joint venture out of UK central government, MyCSP is making a real difference to the lives of children and young people with the appointment of ChildLine as their corporate charity partner.
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Nicky began her career as a civil servant working in the UK Foreign & Commonwealth Office. Nicky has a track record in building high performing businesses, implementing operational and technical change and engaging staff in cultural transformation.
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MyCSP opens the debate on alternative models of delivery with LGPS pension administrators. At a joint seminar with CIPFA (the Chartered Institute of Public Finance and Accountancy) to explore alternative models for delivering LGPS pension administration, the pioneering pension administration mutual, MyCSP, talked to an audience of key Local Government officials about new scope for savings and service improvements. The event was attended by over a third of LGPS funds inEngland, including many from London boroughs.
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Civil Service pensions has used automatic enrolment for a number of years for certain staff, the Government's introduction of new legislation to make it easier for everyone to save for their retirement through 'auto-enrolment'.
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NAPF is the most important annual event for anyone involved in the pensions sector, attracting over 1,450 top industry professionals, and approximately 80 exhibition stands.
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Lord Hutton, a former Secretary of State for Work and Pensions, is one of four high‐profile joiners to the policymaking councils at the National Association of Pension Funds (NAPF), the UK’s leading pensions trade body.
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Auto-enrolment is an opportunity for employees and employers to improve pension provision in the UK and is one we should all embrace. However, set against the growing dissatisfaction with pensions in the private sector, rises in employee contributions and reforms to public sector pensions, the likelihood of people choosing to opt out of pension provision altogether is increasing. High volumes of opt-outs will place a further cost burden on members and taxpayers,and the legislative intent, not to mention our personal aspirations for later life, would not be realised.
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The Minister for the Cabinet Office, Francis Maude, today marked the opening of MyCSP's MyInnovation Centre in Liverpool, and the launch of MyCSP’s training services.
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