These pages give information about the pension schemes operated
by the Pensions Board.
There are 3 major pension arrangements. Please follow the links
for further information:
The Pensions Department is responsible for the administration of
the schemes, contact details can be found on our Contact the Pensions Department
March 2014 Budget
The Chancellor has announced significant changes to pension
Some of these changes took effect from 27th March 2014 and
further changes will take effect from April 2015. At the moment it
is unclear how the changes will work and we are expecting
clarification from the Government over the coming year. We will
shortly be issuing newsletters about how we think these changes may
affect members of the pension schemes administered by us.
Church Workers Pension Fund agrees £100m buy-in
The Church of England Pensions Board has
announced that it has agreed a 'buy-in', covering 70% of the
pensioner liabilities of the Defined Benefit Scheme section of the
Church Workers Pension Fund, with Prudential. This is simply an
investment decision; it does not affect in any way the benefits of
the Fund's members.
News Reports on the Church of England Clergy Pension
In response to the claims in the media by Mr John Ralfe about
the Church of England Funded Pension Scheme, the Pensions Board has
issued a statement and the chief executive of
the Pensions Board has written an
open letter in response.
From October 2012 the Government introduced a requirement for
all UK employers to automatically enrol their eligible employees
into a recognised "workplace pension scheme".
A workplace pension scheme must meet one of the Governments new
tests in order to qualify as a recognised scheme. The Church of
England Pension Schemes (CEPS) for Clergy, the Church Workers
Pension Fund (CWPF) Defined Benefit Scheme and the Church
Administrators Fund (CAPF) all meet one of these new tests.
The Church Workers Pension Fund (CWPF) Pension Builder Scheme is
a hybrid scheme that cannot easily satisfy the tests required for
auto-enrolment. It is different from a conventional schemes and
this presents difficulties in relation to certifying that the
scheme meets the auto-enrolment tests. The Pensions Board has
therefore opened a new section called Pension Builder
2014 which does meet the tests. For further information on
Pension Builder 2014 please follow this link:
Church Workers Pension Fund
Those members of the Clergy pension scheme and the CCSS who paid
Additional Voluntary Contributions (AVCs) to Equitable Life's with
profit fund between 1 September 1992 and 31 December 2000 may be
due compensation. If this is the case, the administrators of the
Equitable Life compensation scheme will contact you directly by
writing to your home address.
For more information on the eligibility for the compensation
scheme please see:
Equitable Life Compensation Scheme
Please contact the Pensions Helpline (0207 898 1802),
email pensions (email@example.com)
or write to us, if you have any other questions about