Prospect Pension
@prospectpension.bsky.social
Pension officer for Prospect (including Bectu) union.
Does it matter what the pension industry thinks about CDC schemes? Surely it's what workers and their employers think about them that really counts? www.pensions-expert.com/defined-cont...
CDC: Pensions industry showing cautious interest in new model, polls show
As legislation facilitating collective defined contribution pension schemes edges closer, professionals are eager to discover what the new model could bring. However, the consensus is not universal, a...
pensions-expert.com
A short update on another unacceptable discovery in the Capita/Civil Service Pensions Scheme administration scandal
How is it possible to mess up on this scale? As you read this, bear in mind that it's by no means an isolated case. There were thousands of dependents waiting for delayed pensions when Capita took over. But no excuse for not having paid it over 7 months later. www.bbc.co.uk/news/article...
Kent widow losing sleep over Capita civil service pension limbo
She says she has gone into debt after receiving no payouts from the scheme since her husband died.
bbc.co.uk
Unions - what's happening with pensions? Neil Walsh explains CDC's impact on @prospectpension.bsky.social t - 10.30 this morning henrytapper.com/2026/07/21/u... A conversation about the union's influence on workplace pensions in the future
Unions – what’s happening with pensions? Neil Walsh explains CDC’s impact on Prospect – 10.30 this morning
This from the Government on “The future of CDC” The initial impetus for CDC has come from a large employer and a major trade union seeking an alternative pension model. But establishing…
henrytapper.com
Something that costs £56bn increases by £1bn in a year? Wow! Wondering how Neil Record gets his £5.8 trillion estimate? I believe it's because it's undiscounted. Not clear if he doesn't believe in discounting future cashflows, or just isn't able to. www.telegraph.co.uk/money/pensio...
telegraph.co.uk
Just unbelievable that this misunderstanding of the OBR's report was turned into a news story by the Times. Did they not run it by anyone beforehand?
Professional Pensions@profpensions.bsky.social · 3w agoNews Digest: Millions forced to work longer under state pension age extension incm.pub/3PgTB2x
A typical example of retired civil servants' experience of Capita: ‘I’m still waiting for my £45k pension after retiring a year ago’ share.google/zpStkVo92BwU...
share.google
Another 10%+ fall (so far) today - never underestimate the challenge of pension scheme administration.
Prospect Pension @prospectpension.bsky.social · 4w agoWant to know the price of getting pension scheme administration badly wrong? Capita's share price is down more than 10% today (well, right now).
Now PAC and PACAC hear from Capita executives: - Adolfo Hernandez (Group CEO) - Richard Holroyd (Capita Public Services, CEO) - Chris Clements (Capita Public Services, Managing Directors) Chair thanks them for cooperation with committee, says they are here to hold to account, not castigate them.
Waiting for the joint PAC / PACAC hearing about the civil service pension scheme crisis to start. Was tempted to try to get along in person, but I couldn't face stepping out of this wonderfully air-conditioned office...
More reporting about the civil service pension scheme crisis. www.pensions-expert.com/public-secto...
Union renews call for Capita to be stripped of Civil Service pension contract
Capita has been struggling to address a severe backlog of outstanding pension payments and other issues regarding the Civil Service Pension Scheme since it took over the administration contract at the...
pensions-expert.com
For months, Prospect has been calling out Capita's failures and standing up for members left waiting for pension payments and facing hardship. Now it's time to end Capita's contract and bring the Civil Service Pension Scheme back in-house. Read our response to the latest government announcement.
Comprehensive take on the last 24 hours in civil service pensions from Civil Service World: www.civilserviceworld.com/news/article...
Pension scheme crisis: Cabinet Office sets out ‘enforcement’ plan
“Immediate technical intervention” will see independent auditors probe “system integrity” of Civil Service Pension Scheme as new DG is also appoint...
civilserviceworld.com
Want to know the price of getting pension scheme administration badly wrong? Capita's share price is down more than 10% today (well, right now).
Prospect Pension @prospectpension.bsky.social · last mo.On today's House of Commons Order Paper: Civil Service Pensions Update (Minister for the Cabinet Office) Should get to it about 5pm-ish (I'm not great at judging these things). This will not be some dry, technical discussion. Expect fireworks.
Just when you thought the situation couldn't get any worse: www.computerweekly.com/news/3666454...
Capita’s rush to hit civil service pension deadline risking errors, say staff | Computer Weekly
Staff working on Civil Service pension administration transition concerned over pressure forcing unnecessary risks.
computerweekly.com
Prospect Pension @prospectpension.bsky.social · last mo.On today's House of Commons Order Paper: Civil Service Pensions Update (Minister for the Cabinet Office) Should get to it about 5pm-ish (I'm not great at judging these things). This will not be some dry, technical discussion. Expect fireworks.
On today's House of Commons Order Paper: Civil Service Pensions Update (Minister for the Cabinet Office) Should get to it about 5pm-ish (I'm not great at judging these things). This will not be some dry, technical discussion. Expect fireworks.
After watching it, you might feel inspired to sign / share this petition. www.megaphone.org.uk/petitions/st...
Stop the Civil Service Pension Crisis: Bring Pension Administration Back In-House
Civil servants deserve a pension service they can trust. Sign this petition to demand action now.
megaphone.org.uk
Prospect Pension @prospectpension.bsky.social · last mo.Worth watching if you want to know what happens when pension scheme administration goes (very, very) wrong. House of Lords, Civil Service Pensions: www.bbc.co.uk/iplayer/episode/m002ykdy via @bbciplayer
Worth watching if you want to know what happens when pension scheme administration goes (very, very) wrong. House of Lords, Civil Service Pensions: www.bbc.co.uk/iplayer/episode/m002ykdy via @bbciplayer
House of Lords - Civil Service Pensions
A private notice question on the difficulties being experienced with the administration of the Civil Service Pensions Scheme and the failure to pay new pensioners, on Tuesday 30 June.
bbc.co.uk
Latest Whole of Government Accounts out (2024-25). Estimated unfunded public service pension liabilities up £100bn (£1,300bn to £1,400bn). But in 2021-22 they were £2,500bn. www.nao.org.uk/reports/whol...
Whole of Government Accounts 2024-25 - NAO report
The C&AG has issued a disclaimed opinion on the Whole of Government Accounts for 2024-25, the third year in a row this has happened
nao.org.uk
Prospect members work in lots of fascinating places. This morning it's the National Football Museum.
This was obvious from the moment the Treasury confirmed the higher SCAPE discount rate last month (if not before). Interesting that the government seems so keen to get that message out to participating employers (it also goes for the other main unfunded schemes).
Professional Pensions@profpensions.bsky.social · 2mo agoNews Digest: Teachers' pensions contribution cut 'highly likely' incm.pub/3PgTB2x
Please consider signing this petition to highlight the unacceptable service that members of the civil service pension scheme have endured for several months. www.megaphone.org.uk/petitions/st...
Stop the Civil Service Pension Crisis: Bring Pension Administration Back In-House
Civil servants deserve a pension service they can trust. Sign this petition to demand action now.
megaphone.org.uk
I'll have some of whatever they're having at Capita HQ. But even "more normalised" (a) concedes it won't be back to normal and (b) is only with the help of a surge team of about 150 civil servants. What a mess. www.civilserviceworld.com/professions/...
Pension crisis: Capita eyes ‘more normalised’ service by end of June
Capita exec says end-of-June state of the Civil Service Pension Scheme 'may not represent full recovery across all services'
civilserviceworld.com
Prospect is calling on the Government to leave X following ongoing political interference and the promotion of far-right content on the platform. Civil servants and communications workers should not have to read racist content while trying to do their jobs and communicate with the public.
Fellow UK-based pension nerds, this looks like a very useful account to follow.
DWP Answers@dwp-answers.bsky.social · 2mo agoA question on #JobseekersAllowance #Complaints tabled by Mark Sewards on 29-05-2026 has been answered by Andrew Western. https://questions-statements.parliament.uk/written-questions/detail/2026-05-29/5164
What a sorry saga. Is this the worst pension scheme administration disaster in the UK this century? Or in the last 50 years? Or longer? www.civilserviceworld.com/in-depth/art...
‘Everybody agrees it’s appalling, but there’s no end in sight’: The Civil Service Pension Scheme crisis
Six months on from the disastrous transfer to Capita, CSW speaks to pensioners, bereaved beneficiaries, unions, and taskforce chief Angela MacDonal...
civilserviceworld.com
In big news for (public sector) pension nerds, HMT confirms SCAPE discount rate for upcoming valuations of main unfunded schemes will increase from CPU + 1.7% to CPI + 2% (so employer contribution rates will go down, a lot).
Huge reduction in number of member-nominated trustees of DB and hybrid schemes: www.pensions-expert.com/defined-bene...
Call for action on member representation as MNT numbers fall by a third
Sole trustee arrangements are on the rise as member-nominated trustees are declining, according to data obtained through a Freedom of Information Act request.
pensions-expert.com
